MNI: PBOC Net Injects CNY48.1 Bln via OMO Monday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY288.6 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net injection of CNY48.1 billion after offsetting maturities of CNY240.5 billion today, according to Wind Information
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4895% at 09:30 am local time from the close of 1.5556% on Friday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 42 on Sunday, compared with the close of 53 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.