MNI: PBOC Net injects CNY9.8 Bln via OMO Wednesday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY548.7 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net injection of CNY9.8 billion after offsetting the maturity of CNY538.9 billion today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8511% at 09:39 am local time from the close of 2.2161% on Tuesday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 45 on Tuesday, the same as the close on Monday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.