MNI: PBOC Net Injects CNY411.5 Bln via OMO Friday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY165.8 billion via 7-day reverse repos, with the rate unchanged at 1.40%, along with CNY600 billion via 14-day reverse repos. The operation led to a net injection of CNY411.5 billion after offsetting maturities of CNY354.3 billion today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.5088% at 09:32 am local time from the close of 1.6017% on Thursday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 50 on Thursday, compared with the close of 48 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.