Policy

PBOC Injects CNY498 Bln In 1Y MLF Friday; Adds Net CNY394 Bln

Date Oct 13 2017 17:47:27

--Additional CNY355.5 Bln in MLF Instruments Expire Next Week

              

     BEIJING (MNI) - The People's Bank of China injected CNY498 billion in one-year Medium-Term Lending Facility (MLF) instrument into the market Friday,with the rate unchanged at 3.2%, the central bank said on its official website.

 

     The PBOC did not conduct open market operations Friday.

 

     This resulted in a net injection of CNY394 billion for the day, as a totalof CNY20 billion in reverse repos and a total of CNY84 billion in MLFs mature onFriday.

 

     An additional CNY355.5 billion in MLFs will mature this month, includingCNY128 billion maturing next Tuesday and CNY227.5 billion next Wednesday.

 

     The PBOC has injected a net of CNY194 billion this week via its OMOs andMLFs.

 

     The CFETS-ICAP money-market sentiment index ended at 37 on Thursday, downfrom 42 at Thursday's close. The lower the reading the better the liquidityconditions in the interbank market.

 

     The benchmark seven-day repo average was last at 2.7490%, compared with2.8299% on Thursday.

 

 

Edited by SHMET

PBOC Injects CNY20 Bln In OMOs Wednesday; Liquidity Unchanged

Date Oct 11 2017 13:16:39

BEIJING (MNI) - The People's Bank of China injected CNY20 billion in

seven-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, as a total of

CNY20 billion in reverse repos mature on the same day.

     The CFETS-ICAP money-market sentiment index ended at 41 on Tuesday, down

significantly from 63 at Monday'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 9:45 a.m., Beijing time.

     The benchmark seven-day repo average was last at 2.6500%, compared with

3.0099% on Tuesday.

Edited by SHMET

PBOC Injects CNY40 Bln In OMO Tuesday; No Net Injection/Drain

Date Oct 10 2017 17:22:51

BEIJING (MNI) - The People's Bank of China injected CNY40 billion in seven-day reverse repos Tuesday, Wind Information, a Shanghai-based financial data provider, said.

     This resulted in no net injection or drain of liquidity for the day, as a total of CNY40 billion in reverse repos mature today.

     A total of CNY100 billion in reverse repo and CNY84 billion in Medium-term Lending Facility instruments will mature this week.

     The CFETS-ICAP money-market sentiment index ended at 63 on Monday, downfrom 77 at the previous close on Sept. 30. The lower the reading the better the liquidity conditions in the interbank market.

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

     The benchmark seven-day repo average was last at 2.8000%, lower than2.9706% on Monday.

Edited by SHMET

PBOC Skipped OMO on Monday; Drained Net CNY180 Bln

Date Oct 09 2017 16:40:23

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

operations on Monday, the central bank announced.

     This resulted in a net drain of CNY180 billion for the day, as a total of

CNY180 billion in reverse repos mature on Monday.

     The PBOC said in a statement that interbank market liquidity remains at a

"relatively high level" that will offset the impact of expiring reverse repos.

     The PBOC drained a net CNY360 billion via its open market operations the

week before the week-long National Day holiday.

     A total of CNY320 billion in reverse repo and CNY84 billion in Medium-term

Lending Facility instruments will mature this week.

     The CFETS-ICAP money-market sentiment index ended at 77 on Saturday, Sept.

30 -- the last trading day before the holiday and the end of both the month and

the quarter -- up sharply from 47 at Friday, Sep. 29's close. The lower the

reading the better the liquidity conditions in the interbank market.

     The benchmark seven-day repo average was last at 2.6500%, compared with

3.1622% on Sept.30.

Edited by SHMET

PBOC Skipped OMO Again Friday; Drained Net CNY160 Bln

Date Sep 29 2017 17:53:27

 BEIJING (MNI) - The People's Bank of China skipped its open-market operations again on Friday, the central bank announced.

     This resulted in a net drain of CNY160 billion for the day, as a total of CNY160 billion in reverse repos mature on Friday.

     The PBOC said interbank market liquidity remains at a "relatively high

level" and that strong end-of-month government fiscal spending was offsetting the impact of expiring reverse repos.

     The PBOC drained a net CNY360 billion via its open market operations this week.

     The PBOC drained a net CNY15 billion in September through open marke toperations and its Medium-term Lending Facility (MLF).  The PBOC added a netCNY15 billion via the MLF this month.

     The CFETS-ICAP money-market sentiment index ended at 49 on Thursday, down from 54 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 2.7298%, compared with2.9673% on Thursday.

Edited by SHMET