Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
BEIJING (MNI) - The People's Bank of China skipped its open-market
operations Friday, saying liquidity in the banking system in general is at a
This resulted in a net drain of CNY10 billion for the day, as a total of
CNY10 billion in reverse repos mature on Friday.
The PBOC has drained a net CNY510 billion via OMOs this week as it skipped
open market operations today and each of the first three trading days of the
The net drain is the highest in 10 months, compared with a net drain of
CNY40 billion last week.
On Wednesday, the PBOC injected CNY188 billion in one-year Medium-term
Lending Facility (MLFs) loans at an unchanged interest rate of 3.2%. The
operation did not add or drain liquidity, as a total of CNY188 billion in MLF
loans matured Wednesday.
An additional CNY187 billion in MLF loans will mature on Dec. 16.
The CFETS-ICAP money-market sentiment index ended at 44 on Thursday, up
from 42 at Wednesday's close. The lower the reading the better the liquidity
conditions in the interbank market.
The benchmark seven-day repo average was last at 2.6646%, compared with
2.8051% on Thursday.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: firstname.lastname@example.org
--MNI BEIJING Bureau; +1 202-371-2121; email: email@example.com