FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI: PBOC Cuts 14-Day Reverse Repo Rate,  Net-Injects CNY50 Bn

MNI (Singapore)

The People's Bank of China (PBOC) pumped in CNY150 billion via 14-day reverse repos with the rate lowering to 2.25% from the previous 2.35% on Monday. The operation led to a net injection of CNY50 billion after offsetting CNY100 billion maturing reverse repos, according to Wind Information. The 14-day rate cut followed a 10-bp cut to the rate of 7-day reverse repos last Monday, as well as that of 1-year MLF.

  • The operation aims to keep liquidity stable before the Spring Festival holiday, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 2.2200% at 09:27 am local time from the close of 2.1057% on Friday.
  • The CFETS-NEX money-market sentiment index closed at 41 on Friday vs 58 on Thursday.
Policy NewsHomepageAPACChinaPolicy StoryStoryRegion
True
Policy NewsHomepageAPACChinaPolicy StoryStoryRegion
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.