Free Trial

MNI: PBOC Skips OMOs; Liquidity Unchanged

     BEIJING (MNI) - The PBOC skipped its open market operations on Friday,
citing fiscal spending nearing month-end and the return of reserve payments that
will keep liquidity conditions at a "relatively high" level.                    
                   - PBOC's operations left liquidity unchanged as no reverse
repos matured today.                                      
- PBOC has drained a total of CNY60 billion by OMO this week;
- CFETS-ICAP's money-market sentiment index closed at 36 on Thursday, up from 35
on Wednesday; 
- Benchmark 7-day deposit repo average fell to 2.6511% from 2.6934% on Thursday:
Wind Information. 
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI Singapore Bureau; +65 8233 2326; email: Asia-Editor@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.