MNI China Daily Summary: Tuesday, December 24

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Tues; -2.11% Y/Y

MNI China Daily Summary: Monday, December 23

MNI: China Steel Demand Seen Falling Next Year

MNI: China CFETS Yuan Index Up 0.83% In Week of Dec 20

MNI: PBOC Net Drains CNY643.5 Bln via OMO Monday

MNI: US REDBOOK: DEC STORE SALES +5.0% V YR AGO MO

MNI: US DEC PHILADELPHIA FED NONMFG INDEX -6

EZ/UK Bond Supply Calendar: BOE APF Sales Due 6 January

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI: PBOC Net Drains CNY291.3 Bln via OMO Tuesday

GlobalPolicy NewsAPACStoryEM Policy NewsRegionChina

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY64.1 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net drain of CNY291.3 billion after offsetting the maturity of CNY355.4 billion today, according to Wind Information.
 

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4868% at 09:51 am local time from the close of 1.5395% on Monday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 46 on Monday, compared with the close of 43 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
104 words

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.

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY64.1 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net drain of CNY291.3 billion after offsetting the maturity of CNY355.4 billion today, according to Wind Information.
 

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4868% at 09:51 am local time from the close of 1.5395% on Monday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 46 on Monday, compared with the close of 43 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.