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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: PBOC Increases Gold Reserves
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PBOC Injects CNY120 Bln at OMOs Wednesday; Liquidity Unchanged
BEIJING (MNI) - The People's Bank of China injected CNY90 billion in
seven-day reverse repos and CNY30 billion in 14-day reverse repos via
open-market operations Wednesday, Wind Information, a Shanghai-based financial
data provider, said.
This resulted in a net zero injection/drain for the day. A total of CNY120
billion in reverse repos matures Wednesday.
This is the third consecutive trading day that the PBOC didn't change
liquidity.
The CFETS-ICAP money-market sentiment index ended at 43 Tuesday from 66 at
Monday's close. The lower the reading the better liquidity in the interbank
market.
The PBOC is expected to make an official announcement on its website about
Wednesday's OMOs at approximately 9:45 a.m. Beijing time.
The benchmark seven-day repo average was last at 2.6591% compared with
2.9411% Tuesday.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
[TOPICS: MMQPB$,M$A$$$,M$Q$$$,MN$MM$]
To read the full story
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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.