MNI: PBOC Net Injects CNY8.6 Bln via OMO Monday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY130.9 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net injection of CNY8.6 billion after offsetting maturities of CNY122.3 billion today, according to Wind Information
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4314% at 09:31 am local time from the close of 1.4691% on Friday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 49 on Friday, compared with the close of 52 on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.