Free Trial

MNI: PBOC Skips OMOs, Liquidity Unchanged

     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations for the eighth trading day on Monday, leaving liquidity unchanged as
no reverse repos mature, according to Wind Information.
- The total liquidity in the banking system is at a reasonable and ample level:
PBOC. 
- The 7-day weighted average interbank repo average rate for depository
institutions (DR007) rose to 2.4700% at 0955 local time from the close of
2.2988% on Friday: Wind Information.
- CFETS-NEX money-market sentiment index closed at 38 on Friday vs 42 on
Thursday.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.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.