MNI: PBOC Net Drains CNY85.2 Bln via OMO Friday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY98.5 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net drain of CNY85.2 billion after offsetting the maturity of CNY183.7 billion today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.8497% at 09:51 am local time from the close of 1.8199% on Thursday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 61 on Thursday, compared with the close of 48 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.