© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CANADIAN JANUARY GDP +0.5% VS +0.4% EXPECTED

MNI: Canada's GDP Surge Defies Recession Bets

MNI China Daily Summary: Friday, March 31

USDA: CORN STOCKS 7,401M BSL ON MAR 1

MNI DATA FORECASTS: US Payrolls Data Eyed

MNI Chicago Survey™: Order Backlogs Moving Back to Pre-Pandemic Levels

MNI INTERVIEW: Canada Budget Keeps BOC On Pause: Ex Official

MNI BRIEF: FDIC To Conduct Review Of Deposit Insurance

MNI BRIEF: Fed's Barr: Will Use All Tools To Keep Banks Safe

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

MNI: PBOC Net Injects CNY106 Billion via OMOs Thursday

MNI (Singapore)
MNI (Beijing)
Policy NewsAPACChinaPolicy StoryStoryRegion
True

The People's Bank of China (PBOC) conducted CNY109 billion via 7-day reverse repos on Thursday, with the rates unchanged at 2.00%. The operation has led to a net injection of CNY106 billion after offsetting the maturity of CNY3 billion reverse repos today, according to Wind Information.

  • The operation aims to keep banking system liquidity reasonable and ample, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 2.0542% at 09:27 am local time from the close of 2.1218% on Wednesday.
  • The CFETS-NEX money-market sentiment index closed at 45 on Wednesday, compare with the close of 47 on Tuesday.
104 words

To read the full story

Why Subscribe to

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 CNY109 billion via 7-day reverse repos on Thursday, with the rates unchanged at 2.00%. The operation has led to a net injection of CNY106 billion after offsetting the maturity of CNY3 billion reverse repos today, according to Wind Information.

  • The operation aims to keep banking system liquidity reasonable and ample, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 2.0542% at 09:27 am local time from the close of 2.1218% on Wednesday.
  • The CFETS-NEX money-market sentiment index closed at 45 on Wednesday, compare with the close of 47 on Tuesday.