Free Trial

MNI: PBOC Net Injects CNY20 Billion via OMOs

MNI (London)
     BEIJING (MNI) - The PBOC injected CNY20 billion via 7-day reverse repos on
Wednesday, adding liquidity for the second day, resulting in a net injection of
CNY20 billion as no reverse repos mature, according to Wind Information.
- The reverse repo aims to offset the impact of the tax season, the PBOC said.
- The 7-day weighted average interbank repo average rate for depository
institutions (DR007) fell to 2.6600% at 9:53 a.m. local time from the close of
2.7349% on Monday: Wind Information. 
- The CFETS-NEX money-market sentiment index closed at 40 on Tuesday vs 43 on
Monday.
--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.