MNI: PBOC Net Injects CNY253.2 Bln via OMO Tuesday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY312.5 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net injection of CNY253.2 billion after offsetting maturities of CNY59.3 billion today, according to Wind Information.

• The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.5471% at 09:30 am local time from the close of 1.5944% on Monday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 48 on Monday, compared with the close of 47 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.