MNI BRIEF: Talks On France Budget Promising - EU Gentiloni

MNI INTERVIEW2: ECB Should Keep Trimming Balance Sheet-Kazaks

RPT-MNI POLICY: Cracks On MPC But Gradualism Holds

RPT-MNI INTERVIEW: Banxico To Continue Easing Through 25-Tapia

MNI BRIEF: Fed's Goolsbee Sees Rates 'A Fair Bit Lower'

MNI NBP WATCH: Rates Held As Energy, Wages Push Up Prices

EZ/UK Bond Supply Calendar: EU Synd, NE, AS, UK, DE Due Tuesday

MNI: EUROZONE AUG RETAIL SALES +0.2% M/M, +0.8% Y/Y

MNI: GERMANY AUG FACTORY ORDERS -5.8% M/M

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI: PBOC Net Injects CNY570.6 Bln via OMO Thursday

MNI (Singapore)
MNI (Beijing)
Central Bank NewsPolicy NewsPBOCAPACChinaEM Policy NewsEM Central Bank NewsPeoples Bank of ChinaBriefStoryRegion
True

The People's Bank of China (PBOC) conducted CNY577.7 billion via 7-day reverse repo on Thursday, with rate unchanged at 1.70%. The operation has led to a net injection of CNY570.6 billion after offsetting the maturity of CNY7.1 billion today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7693% at 09:30 am local time from the close of 1.8799% on Wednesday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 44 on Wednesday, compared with the close of 48 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
103 words

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.

The People's Bank of China (PBOC) conducted CNY577.7 billion via 7-day reverse repo on Thursday, with rate unchanged at 1.70%. The operation has led to a net injection of CNY570.6 billion after offsetting the maturity of CNY7.1 billion today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7693% at 09:30 am local time from the close of 1.8799% on Wednesday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 44 on Wednesday, compared with the close of 48 on Tuesday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.