Free Trial

MNI: PBOC Net Injects CNY30 Billion via OMOs

     BEIJING (MNI) - The People's Bank of China (PBOC) injected CNY80 billion
via 7-day reverse repos on Tuesday. This resulted in a net injection of CNY30
billion given the maturity of CNY50 billion in reverse repos, according to Wind
Information.
- The injection aims to offset the maturity of reverse repos and keep the
liquidity in the banking system reasonable and ample, the PBOC said.
- The 7-day weighted average interbank repo rate for depository institutions
(DR007) fell to 2.6702% at 1005 local time from the close of 2.6826% on Monday:
Wind Information.
- The CFETS-NEX money-market sentiment index closed at 56 on Monday vs 46 on
Friday.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]

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.