MNI China Daily Summary: Wednesday, March 12

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GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

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MNI: PBOC Net Drains CNY177.8 Bln via OMO Wednesday

Policy NewsAPACStoryEM Policy NewsRegionChina

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY175.4 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net drain of CNY177.8 billion after offsetting the maturity of CNY353.2 billion today, according to Wind Information.
 

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7667% at 10:04 am local time from the close of 1.8065% on Tuesday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 50 on Tuesday, compared with the close of 45 on Monday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY175.4 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net drain of CNY177.8 billion after offsetting the maturity of CNY353.2 billion today, according to Wind Information.
 

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7667% at 10:04 am local time from the close of 1.8065% on Tuesday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 50 on Tuesday, compared with the close of 45 on Monday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.