Free Trial

MNI: PBOC Net Injects CNY400 Bln Via 1-Y MLF

MNI (London)
     BEIJING (MNI) - The People's Bank of China (PBOC) injected a net CNY400
billion via its one-year medium-term lending facility (MLF) Wednesday, with the
rate unchanged at 2.95%, with no reverse repos maturing today, according to a
statement on the PBOC website.
     - The injection rolled over MLFs and targeted medium-term lending
facilities maturing this month, the PBOC said on its website. CNY400 billion
MLFs and CNY297.7 targeted medium-term lending facilities (TMLF) mature in July,
according to Wind information.   
     - The 7-day weighted average interbank repo rate for depository
institutions (DR007) rose to 2.1420% at 09:40 a.m. local time from the close of
2.1023% on Tuesday.
     - The CFETS-NEX money-market sentiment index closed at 52 on Tuesday vs 33
on Wednesday. A higher index indicates decreased market expectations for tighter
liquidity.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: archie.zhang@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.