Free Trial

MNI: PBOC Net Injects CNY132 Billion via OMOs Tuesday

MNI (Singapore)
MNI (Beijing)

The People's Bank of China (PBOC) conducted CNY170 billion via 7-day reverse repos on Tuesday, with the rates unchanged at 2.00%. The operation has led to a net injection of CNY132 billion after offsetting the maturity of CNY38 billion reverse repos today, according to Wind Information.

  • The operation aims to keep banking system liquidity stable at month end, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.9541% at 09:34 am local time from the close of 2.0708% on Monday.
  • The CFETS-NEX money-market sentiment index closed at 45 on Monday, the same as the close on Friday
True

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.