Policy

PBOC Skips OMOs Friday; Liquidity Condition Unchanged

Date Sep 08 2017 16:05:04

BEIJING (MNI) - The People's Bank of China skipped its open market

operations on Friday, according to the PBOC.

     The PBOC said on its official website that the banking system's liquiditycondition was at a "relatively high" level.

     This resulted in a net zero injection/drain for the day.

     No reverse repos mature on Friday.

     The PBOC has drained a total of CNY330 billion via reverse repos this week.Taking into account medium-term lending facilities (MLFs), the PBOC has draineda total of CNY201.5 billion this week.

     The CFETS-ICAP money-market sentiment index ended at 41 on Thursday --slightly down from 42 at Wednesday's close. The lower the reading the better theliquidity conditions in the interbank market.

     The benchmark seven-day repo average was last at 2.6524%, compared with2.8241% on Thursday.

Source:Reuters

Edited by SHMET

PBOC has not conducted reverse repos so far this morning

Date Sep 07 2017 16:30:50

SHANGHAI, Sept 7 (Reuters) - China's central bank has not conducted reverse bond repurchase agreements through its open market operations so far on Thursday morning, traders said.

    The central bank has not posted an official statement on its website that it intends to skip the reverse repo operations on Thursday, nor has it conducted any, according to traders. 

    It usually posts such statements at about 0110 GMT if it decides to skip the operations.

    There are no reverse repos due to mature on Thursday, but two batches of medium-term lending facility (MLF) loans worth 169.5 billion yuan ($25.99 billion) are maturing on the same day.

    Traders expect the central bank to roll over the maturing MLF loans on Thursday.

    The People's Bank of China drained a net 280 billion yuan from the money market last week. 

Source:Reuters

China c.bank lends 298 bln yuan via MLF, rates unchanged

Date Sep 07 2017 16:29:53

SHANGHAI, Sept 7 (Reuters) - China's central bank said on Thursday it injected 298 billion yuan ($45.70 billion) into the financial system via one-year medium-term lending facility (MLF) loans.

    Interest rates for the MLF loans were unchanged at 3.20 percent, the People's Bank of China (PBOC) said in a statement on its website.

    Two batches of MLF loans worth 169.5 billion yuan are maturing on the same day. And another batch of six-month MLF loans, with a volume of 113.5 billion yuan, is due to mature on Sept. 16.

    In the same statement, the central bank said it had skipped reverse repos on Thursday. 

Source:Reuters

Edited by SHMET

PBOC resumes open market operations to inject 40 bln yuan via reverse repos

Date Sep 06 2017 18:48:28

SHANGHAI, Sept 6 (Reuters) - China's central bank resumed open market operations on Wednesday after a four-session hiatus, injecting 40 billion yuan ($6.12 billion) into money markets, traders said.

    The People's Bank of China (PBOC) is injecting 20 billion yuan through seven-day reverse bond repurchase agreements, and 20 billion yuan via 28-day reverse repos, they said.

    The last time PBOC injected funds via the 28-day tenor was on June 19.

    For the day, the PBOC will drain a net 120 billion yuan from the money market with 160 billion yuan of reverse repos due to mature.

    The PBOC abstained from open market operations in the previous four sessions, citing "relatively high" liquidity levels in the banking system.

    The PBOC drained a net 280 billion yuan from the money market last week.

 

Edited by SHMET

PBOC Drains Net CNY120 Billion In OMOs Wednesday

Date Sep 06 2017 18:48:13

BEIJING (MNI) - The People's Bank of China injected CNY20 billion inseven-day reverse repos and CNY20 billion in 28-day reverse repos viaopen-market operations Wednesday, Wind Information, a Shanghai-based financialdata provider, said.

     This resulted in a net drain of CNY120 billion for the day, as a total ofCNY160 billion in reverse repos mature on Wednesday.

     Today is the first day that the PBOC conducted 28-day reverse repos sinceJuly 17.

     The CFETS-ICAP money-market sentiment index ended at 39 on Tuesday, thesame as Monday's close. The lower the reading the better the liquidityconditions in the interbank market.

     The PBOC is expected to make an official announcement on its officialwebsite about this morning's OMO around 9:45a.m., Beijing time.

     The benchmark seven-day repo average was last at 2.6514%, compared with2.7640% on Tuesday.

Edited by SHMET
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