MNI: PBOC Net Drains CNY102.9 Bln via OMO Tuesday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY164.5 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net drain of CNY102.9 billion after offsetting the maturities of CNY267.4 billion reverse repos. There is another CNY100 billion 1-year MLF maturing today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.6488% at 09:38 am local time from the close of 1.7039% on Monday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 44 on Monday, compared with the close of 47 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.