MNI: PBOC Net Injects CNY260.5 Bln via OMO Monday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY240.5 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The PBOC conducted another CNY300 billion via 14-day reverse repos at bidding rates. The operation led to a net injection of CNY260.5 billion after offsetting maturities of CNY280 billion today, according to Wind Information
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4505% at 10:09 am local time from the close of 1.5096% on Friday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 54 on Friday, compared with the close of 49 on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.