Free Trial

MNI: PBOC Net Injects CNY3 Bln Via OMOs Thursday

MNI (Singapore)
MNI (Beijing)

The People's Bank of China (PBOC) conducted CNY5 billion via 7-day reverse repos on Thursday, with the rates at 1.90%. The operation has led to a net injection of CNY3 billion after offsetting the maturity of CNY2 billion reverse repo today, according to Wind Information.

  • The operation aims to keep banking system liquidity reasonable and ample, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.7871% at 09:36 am local time from the close of 1.7526% on Wednesday.
  • The CFETS-NEX money-market sentiment index closed at 48 on Wednesday, compared with the close of 44 on Tuesday.

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.