Free Trial

PBOC Injects CNY404 Billion In MLF Loans Friday

--Skips OMO For Second Day
--Adds Net CNY107 Billion for the Day, CNY87 Billion For The Week
     BEIJING (MNI) - The People's Bank of China injected CNY404 billion in
one-year Medium-term Lending Facility (MLF) loans Friday, with the rate
unchanged at 3.20%,  PBOC said on its official website.
     The PBOC also skipped its open market operation for the second day in a
row. 
     This resulted in a net injection of CNY107 billion for the day, as a total
of CNY90 billion in reverse repos and CNY207 billion in MLF loans mature on
Friday. 
     A total of CNY396 billion in MLF loans mature in November.
     The PBOC injected a net of CNY87 billion in liquidity this week, including
reverse repos and MLFs.
     The CFETS-ICAP money-market sentiment index ended at 34 on Thursday, down
from 43 at Wednesday's close. The lower the reading the better the liquidity
conditions in the interbank market.
     The benchmark seven-day repo average was last at 2.6886%, compared with
2.8437% on Thursday.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI BEIJING Bureau; +1 202-371-2121; email: john.carter@mni-news.com
[TOPICS: MMQPB$,M$A$$$,M$Q$$$,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.