Free Trial

MNI: PBOC Net Drains CNY560 Billion via OMOs

MNI (Sydney)

The People's Bank of China (PBOC) skipped open market operations on Friday. This resulted in a net drain of CNY560 billion given the maturity of CNY560 billion of reverse repos, according to Wind Information.

  • The liquidity in the banking system is relatively high, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) decreased to 2.2000% at 09:28 am local time from the close of 2.4483% on Sep 30, the last working day before the eight-day National Day holiday: Wind Information.
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
True
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
True

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.