Free Trial

MNI: PBOC Net Injects CNY225 Billion via OMOs Monday

MNI (Singapore)
MNI (Beijing)

The People's Bank of China (PBOC) conducted CNY255 billion via 7-day reverse repos on Monday, with the rates unchanged at 2.00%. The operation has led to a net injection of CNY225 billion after offsetting the maturity of CNY300 billion reverse repos today, according to Wind Information.

  • The Peoples' Bank of China cuts the reserve requirement ratio by 25 bps on Mar 27 while conducting CNY255 billion via 7-day reverse repos, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 2.1081% at 09:45 am local time from the close of 1.6982% on Friday.
  • The CFETS-NEX money-market sentiment index closed at 58 on Friday, compare with the close of 48 on Thursday.

To read the full story



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.