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MNI: PBOC Net Drains CNY371.7 Bln via OMO Wednesday

MNI (Singapore)
MNI (Beijing)
Policy NewsCentral Bank NewsPBOCAPACChinaEM Policy NewsEM Central Bank NewsPeoples Bank of ChinaBriefStoryRegion
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The People's Bank of China (PBOC) conducted CNY196.5 billion 14-day reverse repos, with the rate at 1.85%. The operation led to a net drain of CNY371.7 billion after offsetting maturities of CNY568.2 billion today. The PBOC also conducted CNY300 billion via 1-year MLF with rate lowering to 2.0% from previous 2.3%, the operation has led to a net drain of CNY291 billion after offsetting the maturities of CNY591 billion in August, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8871% at 09:29 am local time from the close of 1.9173% on Tuesday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 45 on Tuesday, compared with the close of 50 on Monday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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The People's Bank of China (PBOC) conducted CNY196.5 billion 14-day reverse repos, with the rate at 1.85%. The operation led to a net drain of CNY371.7 billion after offsetting maturities of CNY568.2 billion today. The PBOC also conducted CNY300 billion via 1-year MLF with rate lowering to 2.0% from previous 2.3%, the operation has led to a net drain of CNY291 billion after offsetting the maturities of CNY591 billion in August, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8871% at 09:29 am local time from the close of 1.9173% on Tuesday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 45 on Tuesday, compared with the close of 50 on Monday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.