Free Trial

PBOC Injects Net CNY30 Billion at OMOs Thursday

     BEIJING (MNI) - The People's Bank of China injected CNY50 billion in
seven-day reverse repos and CNY40 billion in 14-day reverse repos via
open-market operations Thursday, according to Shanghai-based financial-data
provider Wind Information.
     This resulted in a net injection of CNY30 billion for the day. A total of
CNY60 billion in reverse repos matures Thursday. 
     Today is the first day the PBOC has made net injections at OMOs since July
28.
     The CFETS-ICAP money-market sentiment index ended at 41 Wednesday compared
with 43 at Tuesday'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
this morning's OMO about 9:45a.m. Beijing time.
     The benchmark seven-day repo average was last at 2.6940% compared with
2.9242% on Wednesday.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.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.