MNI: PBOC Net Injects CNY421.7 Bln via OMO Friday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY782.9 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net injection of CNY421.7 billion after offsetting maturities of CNY361.2 billion today, according to Wind Information
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4965% at 09:58 am local time from the close of 1.5395% on Thursday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 47 on Thursday, compared with the close of 50 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.