Free Trial

MNI: PBOC Drains Net CNY30 Bln Via OMOs

     BEIJING (MNI) - The PBOC injected CNY80 billion via its 7-day reverse repos
and CNY70 billion via its 14-day reverse repos on Wednesday, according to Wind
Information. 
  - This resulted in a net drain of CNY30 billion as a total of CNY180 billion
in reverse repos matured today;
  - CFETS-ICAP's money-market sentiment index closed at 36 on Tuesday, down from
38 on Monday; 
  - Benchmark 7-day deposit repo average fell to 2.6566% on Wednesday from
2.6989% on Tuesday: Wind Information. 
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI Singapore Bureau; +65 8233 2326; email: Asia-Editor@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]

To read the full story

Close

Why MNI

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.