Free Trial

MNI: PBOC Skips OMOs, Liquidity Unchanged

     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations on Tuesday, leaving liquidity unchanged as no reverse repos matured,
according to Wind Information.
- Total liquidity in the banking system is at a relatively high level due to
increased fiscal spending at the end of the month, according to the PBOC.
- The 7-day weighted average interbank repo rate for depository institutions
(DR007) fell to 2.6500% at 9:30 a.m. local time from the close of 2.6976% on
Monday: Wind Information.
- The CFETS-NEX money-market sentiment index closed at 37 on Monday vs 35 on
Sunday.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@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.