Free Trial

MNI: PBOC Injects Net CNY30 Bln via OMOs Wednesday

MNI (Singapore)

The People's Bank of China (PBOC) injected CNY200 billion via 7-day reverse repos with the rate unchanged at 2.2% on Wednesday. The operations lead to a net injection of CNY30 billion after offsetting the maturity of CNY100 billion reverse repos and CNY70 billion of Treasury's cash deposits at commercial banks today, according to Wind Information.

  • The operation aims to offset the impact of tax season and the issuance of government bonds, so to keep month-end liquidity stable, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) increased to 2.2616% at 09:28 am local time from the close of 2.2454% on Tuesday.
  • The CFETS-NEX money-market sentiment index closed at 41 on Tuesday vs 53 on Monday.
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.