Free Trial

MNI: PBOC Skips OMOs, Liquidity Unchanged

MNI (London)
     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations for the eighth straight trading day on Friday, leaving liquidity
unchanged as no reverse repos matured, according to Wind Information.
- Total liquidity in the banking system is at a relatively high level, given
increased fiscal spending at the end of the quarter, according to the PBOC.
- The PBOC has net drained a total of CNY110 billion this week, Wind Information
said.
- The 7-day weighted average interbank repo rate for depository institutions
(DR007) fell to 2.6500% at 0921 local time from the close of 2.7329% on
Thursday: Wind Information.
- The CFETS-NEX money-market sentiment index closed at 39 on Thursday, flat from
the close of Wednesday.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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.