Free Trial

MNI: PBOC Skips OMOs for 14th Consecutive Day

     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations on Monday, citing "reasonable and ample" liquidity in the banking
sector. There is no change in liquidity today with the absence of maturing
reverse repos, according to Wind Information. 
  - No reverse repos mature this week, according to Wind Information;
  - CFETS-ICAP money-market sentiment index closed at 33 on Friday, down from 48
on Thursday;
  - Benchmark seven-day deposit repo average dropped to 2.6500% on Monday from
2.6742% on Friday: Wind Information. 
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@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.