© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: China's November PMI Falls Further On Weak Demand

MNI BRIEF: Time Needed To Adjust Easy Policy - BOJ's Nakamura

CHINA PBOC INJECTS CNY663 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA NOV MANUFACTURING PMI 49.4 VS 49.5 IN OCT

Australia Oct Total Dwellings Approval +7.5%

Japan Oct Retail Sales +4.2% Y/Y; 20th Monthly Rise

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

PBOC Drains Net CNY105 Bln Tues; Rates Unchanged

MNI (Singapore)
（MNI）Beijing
Central Bank NewsPolicy NewsPBOCAPACChinaBriefStoryRegion
True

The People's Bank of China (PBOC) conducted CNY319 billion via 7-day reverse repo on Tuesday, with the rate unchanged at 1.80%. The operation has led to a net drain of CNY105 billion after offsetting the maturity of CNY424 billion reverse repos today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8000% at 09:23 am local time from the close of 1.9805% on Monday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 48 on Monday, compared with the close of 49 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
106 words

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.

The People's Bank of China (PBOC) conducted CNY319 billion via 7-day reverse repo on Tuesday, with the rate unchanged at 1.80%. The operation has led to a net drain of CNY105 billion after offsetting the maturity of CNY424 billion reverse repos today, according to Wind Information.

  • The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8000% at 09:23 am local time from the close of 1.9805% on Monday.
  • The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 48 on Monday, compared with the close of 49 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.