Free Trial

MNI: PBOC Skips OMOs; Drains CNY90 Billion

     BEIJING (MNI) - PBOC skipped its Open Market Operations (OMO) on Friday,
stating on its website that the liquidity in the banking system is "relatively
high", which can absorb the effects of maturing reverse repos and cash
withdrawals - the same wording as given yesterday.  
- Net drain of CNY90 billion today after same amount of reverse repos mature  
- Net drain of CNY760 billion by the PBOC via its OMOs this week  
- CFETS-ICAP money-market sentiment index closed at 38 yesterday, slightly up
from 37 at Wednesday's close  
- Benchmark 7-day deposit repo average fell to 2.7024% today from 2.7250% on
Thursday.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI Beijing Bureau; +86-10-8532-5998; email: beijing@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.