货币市场日报：5月21日

Group 1 - The People's Bank of China conducted a 7-day reverse repurchase operation of 157 billion yuan at an interest rate of 1.40%, resulting in a net injection of 65 billion yuan after 92 billion yuan of reverse repos matured on the same day [1][12]. - The Shanghai Interbank Offered Rate (Shibor) showed minor fluctuations, with the overnight Shibor remaining unchanged at 1.5090%, the 7-day Shibor decreasing by 0.70 basis points to 1.5490%, and the 14-day Shibor decreasing by 0.30 basis points to 1.6470% [1][2]. - In the interbank pledged repo market, short-term rates experienced slight declines, with DR001 and R001 weighted average rates down by 0.8 basis points and 1.3 basis points, respectively, while DR007 and R007 rates fell by 1.5 basis points and 1.0 basis points [4]. Group 2 - The money market maintained a balanced state, with overnight rates for deposits fluctuating between 1.50% and 1.53%, and the overall funding environment remaining loose [9]. - On May 21, 102 interbank certificates of deposit were issued, with a total issuance amount of 155.6 billion yuan [9]. - Following the recent trend, several banks, including Ping An Bank and CITIC Bank, announced a reduction in RMB deposit rates by 15 basis points for both 1-year and 2-year fixed deposits [12].