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MNI: PBOC Net Drains CNY50 Bln via Open Market Operations

MNI (London)
     BEIJING (MNI) - The People's Bank of China (PBOC) injected CNY100 billion
via 7-day reverse repos Thursday, with the rate unchanged at 2.2%. This resulted
in a net drain of CNY50 billion given the CNY150 billion maturing, according to
Wind Information.
     - The injection aims to keep liquidity reasonable and ample, the PBOC said.
     - The 7-day weighted average interbank repo rate for depository
institutions (DR007) rose to 2.2000% at 0922 local time from the close of
1.9799% on Thursday: Wind Information.
     - The CFETS-NEX money-market sentiment index closed at 39 on Thursday vs 38
on Wednesday. A higher index indicates increased market expectations for tighter
liquidity.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: archie.zhang@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

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