© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: Covid Dividend Ban Linked To SME Credit Rise - ECB

MNI BRIEF: China’s Top Ratings Agency Downgrades U.S.

MNI: PBOC Net Injects CNY3 Bln Via OMOs Friday

MNI: UK APR RETAIL SALES +0.5% M/M, -3% Y/Y

MNI: SWEDEN APR RETAIL SALES -6.5% Y/Y

MNI: AUSTRALIA APR RETAIL SALES +0% M/M

MNI: Canada Resilient To US Debt Ceiling Clash- Freeland

MNI BRIEF: BOC Defends 2% Target, Senate Asks About Raising It

MNI INTERVIEW: Canada Budget Keeps BOC On Pause: Ex Official

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

MNI: PBOC Net Drains CNY173 Billion via OMOs Friday

MNI (Singapore)
MNI (Beijing)
Policy NewsAPACChinaPolicy StoryStoryRegion
True

The People's Bank of China (PBOC) conducted CNY7 billion via 7-day reverse repos on Friday, with the rates unchanged at 2.00%. The operation has led to a net drain of CNY173 billion after offsetting the maturity of CNY180 billion reverse repos today, according to Wind Information.

  • The operation aims to keep banking system liquidity reasonable and ample, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8963% at 09:23 am local time from the close of 1.9178% on Thursday.
  • The CFETS-NEX money-market sentiment index closed at 48 on Thursday, compare with the close of 42 on Wednesday.
104 words

To read the full story

Why Subscribe to

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.

The People's Bank of China (PBOC) conducted CNY7 billion via 7-day reverse repos on Friday, with the rates unchanged at 2.00%. The operation has led to a net drain of CNY173 billion after offsetting the maturity of CNY180 billion reverse repos today, according to Wind Information.

  • The operation aims to keep banking system liquidity reasonable and ample, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8963% at 09:23 am local time from the close of 1.9178% on Thursday.
  • The CFETS-NEX money-market sentiment index closed at 48 on Thursday, compare with the close of 42 on Wednesday.