MNI: PBOC Net Injects CNY84.2 Bln via OMO Thursday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY203.5 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net injection of CNY84.2 billion after offsetting the maturity of CNY119.3 reverse repo today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.5105% at 10:00 am local time from the close of 1.5267% on Wednesday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 50 on Wednesday, compared with the close of 47 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.