Free Trial

MNI: PBOC Net Injects CNY19.5 Bln via OMO Monday

MNI (Singapore)
MNI (Beijing)
True

The People's Bank of China (PBOC) conducted CNY19.5 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led no change to the liquidity as no repo matures today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.5000% at 09:32 am local time from the close of 1.4549% on Friday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 44 on Friday, compared with the close of 47 on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
95 words

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.

The People's Bank of China (PBOC) conducted CNY19.5 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led no change to the liquidity as no repo matures today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.5000% at 09:32 am local time from the close of 1.4549% on Friday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 44 on Friday, compared with the close of 47 on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.