Free Trial

MNI: PBOC Skips OMOs; Drains Net CNY70 Bln

     BEIJING (MNI) - The PBOC skipped its open market operations on Tuesday.
This resulted in a net drain of CNY70 billion, as the same amount of reverse
repos matured today, according to Wind Information.
  - CFETS-ICAP's money-market sentiment index closed at 37 on Monday, up from 31
on Friday;
  - Benchmark 7-day deposit repo average rose to 2.6424% on Tuesday from 2.6182%
on Monday: Wind Information. 
--MNI Beijing Bureau; +86 (10) 8532-5998; email: sherry.qin@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.