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BEIJING (MNI) - The People's Bank of China injected CNY160 billion in
seven-day reverse repos, CNY140 billion in 14-day reverse repos and CNY30
billion in 63-day reverse repos via open-market operations Thursday, Wind
Information, a Shanghai-based financial data provider, said.
This resulted in a net injection of CNY310 billion for the day, as a total
of CNY20 billion in reverse repos mature on Thursday.
A total of CNY122.5 billion in Medium-term Lending Facility (MLF) loans
mature on Thursday. Taking account if the maturing MLF loans, the PBOC injected
a net of CNY187.5 billion into the banking system on Thursday.
The PBOC has injected a net CNY820 billion in liquidity into the interbank
market via its open market operations so far this week. The PBOC explained in a
statement Wednesday that it was trying to offset the impact of lower liquidity
from government bond purchases, tax payments, bank reserve requirement payments
and expiring reverse repos to keep liquidity basically stable.
The CFETS-ICAP money-market sentiment index ended at 43 on Wednesday, down
from 51 at Tuesday's close. The lower the reading the better the liquidity
conditions in the interbank market.
The PBOC is expected to make an official announcement on its official
website about this morning's OMO around 9:45a.m., Beijing time.
The benchmark seven-day repo average was last at 2.6952%, compared with
2.9759% on Wednesday.
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