MNI: PBOC Net Drains CNY88.5 Bln via OMO Fri

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY19.3 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net drain of CNY88.5 billion after offsetting the maturity of CNY107.8 billion today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.6460% at 09:28 am local time from the close of 1.6741% on Thursday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 46 on Thursday, compared with the close of 44 on Wednesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.