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

MNI TRANSCRIPT: Fed Chair Powell's March 22 Press Conference

MNI BRIEF: Fed Considered Pausing Rate Hikes At March Meeting

MNI BRIEF: Fed’s Powell Says Inflation Decline Will Be Bumpy

EZ/UK Bond Supply Calendar: UK Long APF Sales on Monday

US EIA: CRUDE OIL STOCKS EX SPR +1.12M TO 481.2M MAR 17 WK

CBI Industrial Trends Survey Points to Cooling PPI

MNI: Freeland-Banks Well Capitalized, Budget To Focus Stimulus

MNI BRIEF: Joint European Funds Best Response To IRA-Gentiloni

MNI BRIEF: Fed, Treasury, FDIC-Big Banks Back First Republic

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 CNY115 Billion via OMOs Thursday

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

The People's Bank of China (PBOC) on Thursday conducted CNY65 billion via 7-day reverse repos and CNY 52 billion via 14-day reverse repos with the rates unchanged at 2.00% and 2.15%, respectively. The operation has led to a net injection of CNY115 billion after offsetting the maturity of CNY2 billion reverse repos today, according to Wind Information.

  • The operation aims to keep banking system liquidity stable before Chinese New Year, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 2.0024% at 9:37 am local time from the close of 2.0207% on Tuesday.
  • The CFETS-NEX money-market sentiment index closed at 47 on Wednesday, compared with the close of 58 on Tuesday.
117 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) on Thursday conducted CNY65 billion via 7-day reverse repos and CNY 52 billion via 14-day reverse repos with the rates unchanged at 2.00% and 2.15%, respectively. The operation has led to a net injection of CNY115 billion after offsetting the maturity of CNY2 billion reverse repos today, according to Wind Information.

  • The operation aims to keep banking system liquidity stable before Chinese New Year, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 2.0024% at 9:37 am local time from the close of 2.0207% on Tuesday.
  • The CFETS-NEX money-market sentiment index closed at 47 on Wednesday, compared with the close of 58 on Tuesday.