Free Trial

MNI: PBOC Drains Net CNY347 Bln Via OMO Weds; Rates Unchanged

MNI (Singapore)
MNI (Beijing)

The People's Bank of China (PBOC) conducted CNY49 billion via 7-day reverse repo and on Wednesday, with the rates unchanged at 1.80%. The reverse repo operation has led to a net drain of CNY347 billion reverse repos after offsetting CNY396 billion maturity today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8000% at 09:23 am local time from the close of 1.8060% on Tuesday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 51 on Tuesday, compared with the close of 41 on Monday, the same as the close on the previous day. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
True

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.