Free Trial

MNI: PBOC Skips OMOs for Ninth Consecutive Day

     BEIJING (MNI) - The PBOC skipped its open market operations on Monday,
stating on its website that a relatively high level of liquidity in the market
can offset impact of government bond issuance. The PBOC's inaction resulted in
no change in liquidity, as no reverse repos matured today, according to Wind
Information.
  - Today is the ninth day the PBOC has skipped OMO; 
  - No reverse repos will mature this week, while CNY176.5 billion in one-year
MLF will mature;
  - CFETS-ICAP's money-market sentiment index closed at 28 on Friday, down from
31 on Thursday;
  - Benchmark 7-day deposit repo average rose to 2.6500% on Monday from 2.6097%
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.