MNI: PBOC Net Injects CNY50.7 Bln via OMO Friday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY84.7 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net injection of CNY50.7 billion after offsetting the maturity of CNY34 reverse repo today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4758% at 09:30 am local time from the close of 1.4945% on Thursday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 48 on Thursday, compared with the close of 49 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.