MNI: PBOC Net Drains CNY484.1 Bln via OMO Tuesday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY48.9 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net drain of CNY484.1 billion after offsetting the maturity of CNY33 billion 7-day reverse repos and CNY500 billion 1-year MLF today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.5452% at 09:44 am local time from the close of 2.0567% on Monday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 68 on Monday, compared with the close of 50 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.