Free Trial

MNI: PBOC Net Injects CNY100 Billion via OMOs

MNI (London)
     BEIJING (MNI) - The People's Bank of China (PBOC) injected CNY100 billion
via 7-day reverse repos on Friday, adding liquidity for a fourth straight day.
This resulted in a net injection of CNY100 billion as no reverse repos matured,
according to Wind Information.
- The injection aims to maintain the liquidity in the banking system at a
reasonable and ample level, the PBOC said. The reverse repo rate was kept
unchanged at 2.55%, according to the PBOC's OMO trading announcement.
- The 7-day weighted average interbank repo rate for depository institutions
(DR007) fell to 2.6781% at 9:55 local time from the close of 2.8056% on
Thursday: Wind Information. 
- The CFETS-NEX money-market sentiment index closed at 58 on Thursday vs 60 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.