MNI: PBOC Net Drains CNY100.3 Bln via OMO Friday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY183.7 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net drain of CNY100.3 billion after offsetting the maturity of CNY284 billion today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.6930% at 09:32 am local time from the close of 1.8115% on Thursday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 45 on Thursday, the same as the close on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.