Free Trial

MNI: PBOC Net Drains CNY30 Billion Via OMOs Tuesday

MNI (Sydney)

The People's Bank of China (PBOC) injected CNY50 billion via 7-day reverse repos with the rate unchanged on Tuesday. This resulted in a net drain of CNY30 billion given the maturity of CNY80 billion of reverse repos today, according to Wind Information.

  • The operation aims to maintain stable liquidity before the Chinese New Year, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 2.3542% at 09:33 am local time from 2.3461% at Monday's close.
  • The CFETS-NEX money-market sentiment index closed at 36 on Monday vs 32 on Sunday. A higher index indicates increased market expectations for tighter liquidity.
MNI Sydney Bureau | +61-405-322-399 |
MNI Sydney Bureau | +61-405-322-399 |

To read the full story



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.