Free Trial

MNI: PBOC Net Drains CNY50 Billion via OMOs

MNI (London)
     BEIJING (MNI) - The People's Bank of China (PBOC) injected CNY30 billion
via 7-day reverse repos on Monday, adding liquidity for the fifth day. This
resulted in a net drain of CNY50 billion given that CNY80 billion of reverse
repos matured today, according to Wind Information.
- The 7-day weighted average interbank repo average rate for depository
institutions (DR007) rose to 2.5500% at 9:54 local time from the close of
2.5020% on Thursday: Wind Information. 
- The CFETS-NEX money-market sentiment index closed at 48 on Thursday vs 37 on
Wednesday.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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.