MNI BRIEF: ECB Risks Undershooting Inflation Target -Panetta

MNI China Daily Summary: Thursday, October 31

RPT-MNI INTERVIEW: China Stimulus To Boost Imports - WTO Econ

MNI BRIEF: China Steel PMI Remains Above 50 In October

RPT-MNI INTERVIEW: China Stimulus To Boost Imports - WTO Econ

MNI: PBOC Sets Yuan Parity Lower At 7.1250 Thurs; +2.75% Y/Y

MNI: EUROZONE SEP UNEMPLOYMENT RATE 6.3%

MNI: EUROZONE OCT FLASH HICP +2% Y/Y

MNI: FRANCE OCT HICP +0.3% M/M, +1.5% Y/Y

EUROPEAN FISCAL: DE 2025 Budget Gap Grows; Political Risk Is Rising

CANADA: Politics Week: Trudeau Facing More Internal Dissent And Departures

CANADA: Politics Week: Trudeau Faces More Pressure To Resign

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

MNI: PBOC Net Drains CNY471.3 Bln via OMO Thursday

MNI (Singapore)
MNI (Beijing)
Policy NewsCentral Bank NewsPBOCAPACChinaEM Policy NewsEM Central Bank NewsPeoples Bank of ChinaBriefStoryRegion
True

The People's Bank of China (PBOC) conducted CNY327.6 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net drain of CNY471.3 billion after offsetting the maturity of CNY798.9 billion today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.6568% at 10:00 am local time from the close of 1.7211% on Wednesday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 47 on Wednesday, compared with the close of 46 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
100 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.

The People's Bank of China (PBOC) conducted CNY327.6 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net drain of CNY471.3 billion after offsetting the maturity of CNY798.9 billion today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.6568% at 10:00 am local time from the close of 1.7211% on Wednesday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 47 on Wednesday, compared with the close of 46 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.