MNI: PBOC Net Injects CNY29.5 Bln via OMO Friday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY106.5 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net injection of CNY29.5 billion after offsetting the maturities of CNY77.0 billion today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4814% at 09:51 am local time from the close of 1.5245% on Thursday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 53 on Thursday, compared with the close of 49 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.