MNI: PBOC Net Injects CNY601.8 Bln via OMO Friday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY789.3 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net injection of CNY601.8 billion after offsetting maturities of CNY187.5 billion today, according to Wind Information
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.5793% at 10:00 am local time from the close of 1.5759% on Thursday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 48 on Thursday, compared with the close of 53 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.