Free Trial

MNI: PBOC Issues CNY100 Bln 1-Y MLF; Net Injection CNY300 Bln

     BEIJING (MNI) - The People's Bank of China (PBOC) injected CNY100 billion
via one-year medium-term lending facility (MLF) on Friday with the rate
unchanged at 2.95%, according to a statement on the PBOC website. 
     - The cut to selected banks' reserve requirement ratios by 0.5 percentage
points announced in April also took effect today, releasing CNY200 billion in
long-term funds.
     - These operations injected net CNY300 billion as no MLF matures today,
according to the PBOC announcement. 
     - The 7-day weighted average interbank repo rate for depository
institutions (DR007) rose to 2.1000% at 09:55 a.m. local time from the close of
1.3179% on Thursday.
     - The CFETS-NEX money-market sentiment index closed at 40 on Thursday vs 29
on Wednesday. A higher index indicates decreased market expectations for tighter
liquidity.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: archie.zhang@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,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.