Free Trial

MNI: PBOC Skips Open Market Operations; Net Drains CNY60 Bln

     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations for the fourth day on Thursday, draining net CNY60 billion liquidity
with the same amount of reverse repos maturing today, according to Wind
Information. 
     - The total liquidity in the banking system is reasonable and ample, PBOC
said.
     - The 7-day weighted average interbank repo rate for depository
institutions (DR007) fell to 2.6762% at 9:32 a.m. local time from weighted
average 2.6914% on Wednesday: Wind Information.
     - The CFETS-NEX money-market sentiment index closed at 38 on Wednesday vs
42 on Tuesday. A lower index indicates less market expectation for tighter
liquidity.
--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.