Free Trial

MNI: PBOC Injects Net CNY180 Billion In OMOs Friday

     BEIJING (MNI) - The People's Bank of China injected CNY140 billion in
seven-day reverse repos and CNY130 billion in 14-day reverse repos via
open-market operations Friday, according to Wind Information, a Shanghai-based
financial data provider.
     This resulted in a net injection of CNY180 billion, as a total of CNY90
billion in reverse repos mature on Friday. 
     The PBOC has injected a net of CNY40 billion via its open market operations
this week.
     The CFETS-ICAP money-market sentiment index ended at 52 on Thursday, up
from 47 at Wednesday's close. The lower the reading the better the liquidity
conditions in the interbank market.
     The PBOC is expected to make an official announcement on its official
website about this morning's OMO around 9:45a.m., Beijing time.
     The benchmark seven-day repo average was last at 2.6585%, compared with
2.9376% on Thursday.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: MMQPB$,M$A$$$,M$Q$$$,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.