Free Trial

MNI: PBOC Drains Net 299 Bln Via OMO Mon; Rates Unchanged

MNI (Singapore)

The People's Bank of China (PBOC) conducted CNY20 billion via 7-day reverse repo on Monday, with the rate unchanged at 1.80%. The operation has led to a net drain of CNY299 billion after offsetting the maturity of CNY319 billion reverse repos today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.8000% at 09:29am local time from the close of 1.7577% before 7-day long holiday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 28 on last trading day before golden week holiday, compared with the close of 50 on the previous day. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.