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MNI: PBOC Skips OMOs, Liquidity Unchanged

MNI (London)
     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations (OMOs) for the seventh 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 reasonable and ample level,
according to the PBOC.
- The PBOC has net drained a total of CNY50 billion via OMOs this week. If
including the injection and maturity of medium-term lending facilities (MLFs),
the PBOC has net drained CNY6 billion.
- The 7-day weighted average interbank repo rate for depository institutions
(DR007) fell to 2.3500% at 0933 local time from the close of 2.5692% on
Thursday: Wind Information.
- The CFETS-NEX money-market sentiment index closed at 39 on Thursday vs 40 on
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

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