MNI: PBOC Net Injects CNY415 Bln via OMO Monday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY482.3 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net injection of CNY415 billion after offsetting maturities of CNY67.3 billion today, according to Wind Information.

• The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.5361% at 09:34 am local time from the close of 1.5237% on Friday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 47 on Friday, compared with the close of 49 on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.