MNI: PBOC Net Injects CNY500 Million via OMO Tuesday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY500 million via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net injection of CNY500 million as no reverse repo matures today, according to Wind Information. 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.3057% at 09:24 am local time from the close of 1.3401% on Monday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 46 on Monday, compared with the close of 48 on Saturday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.