Free Trial

MNI: PBOC Net Injects CNY400 Billion via OMOs

     BEIJING (MNI) - The People's Bank of China (PBOC) injected CNY380 billion
via 7-day reverse repos as well as CNY120 billion via 14-day reverse repos on
Tuesday. This resulted in a net injection of CNY400 billion given the maturity
of CNY100 billion today, according to Wind Information.
     - The operations aim to maintain reasonable and ample liquidity in the
banking system during special periods of epidemic prevention and control.
- The 7-day weighted average interbank repo rate for depository institutions
(DR007) fell to 2.4188% at 09:51 local time from the close of 2.6003% on Monday:
Wind Information.
--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.