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Free AccessMNI: PBOC Injects Net CNY120 Billion on Thursday
BEIJING (MNI) - The People's Bank of China (PBOC) injected CNY100 billion
via 7-day reverse repos and CNY20 billion via 14-Day reverse repo on Thursday,
according to Wind Information. The injections were to "maintain the reasonable
and ample liquidity in the banking system for hedging against paying taxes as
well as government bonds", PBOC said in its statement.
The OMOs led to net injection of CNY120 billion as no reverse repo matures
today. The repo rate was unchanged at 2.55% and 2.70% respectively, according to
the PBOC.
- CFETS-ICAP's money-market sentiment index closed at 37 on Wednesday, down
from 41 on Tuesday.
- Benchmark 7-day deposit repo average fell to 2.6451% today from 2.6584%
on Wednesday: Wind Information.
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]
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MNI is the leading provider
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