Policy

PBOC Injects CNY120 Bln In OMOs Wed; Liquidity Unchanged

Date Jan 10 2018 16:18:57

    BEIJING (MNI) - The People's Bank of China injected CNY60 billion inseven-day reverse repos and CNY60 billion in 14-day reverse repos viaopen-market operations Wednesday, according to Wind Information, aShanghai-based financial data provider.

     This resulted in a net zero effect on liquidty for the day, as a total ofCNY120 billion in reverse repos mature on Wednesday.

     Today is the first time in more than two weeks that the PBOC conducted openmarket operations.

     The CFETS-ICAP money-market sentiment index ended at 41 on Tuesday, downfrom 46 at 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 2.6500%, compared with2.7022% on Tuesday.

Edited by SHMET

PBOC Skips OMOs Tuesday; Drains CNY130 Bln

Date Jan 09 2018 15:14:47

     BEIJING (MNI) - The People's Bank of China skipped its open-market operations on Tuesday, citing "moderate" liquidity in the banking system after absorbing the impact of maturing reverse repos.

     This results in a net drain of CNY130 billion for the day, as a total CNY130 billion in reverse repos matures on Tuesday.

     Today is the 12th straight trading day that the PBOC skipped open market operations.

     The CFETS-ICAP money-market sentiment index ended at 46 on Monday, up from33 at Friday's close. A higher reading indicates reduced liquidity in the interbank market.

     The benchmark seven-day repo average was last at 2.6500%, down from 2.6963% on Monday.

Edited by SHMET

PBOC Skips OMOs on Monday; Drains CNY40 Bln

Date Jan 08 2018 16:34:46

    BEIJING (MNI) - The People's Bank of China skipped its open market ‚Äúrelatively high" level, which can absorb the impact of maturing reverse repos.

     This results in a net drain of CNY40 billion for the day, as a total ofCNY40 billion in reverse repos matures on Monday.

     Today is the 11th consecutive trading day that the PBOC skipped its openmarket operations.

     There will be a total of CNY410 billion in reverse repos maturing this week.

     The CFETS-ICAP money-market sentiment index ended at 33 on Friday, slightly down from 34 at Thursday'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 2.6860% on Friday.

 

Edited by SHMET

MNI: PBOC Skips OMOs For 9th Straight Day; Drains CNY130 Bln

Date Jan 04 2018 14:32:00

     BEIJING (MNI) - The People's Bank of China skipped its open-marketoperations Thursday, saying the liquidity level in the banking system is at a"relatively high" level.

     This resulted in a net drain of CNY130 billion for the day, as a total ofCNY130 billion in reverse repos mature on Thursday.

     Today is the ninth consecutive trading day that the PBOC skipped its open market operations.

     The CFETS-ICAP money-market sentiment index ended at 37 on Wednesday, down from 44 at Tuesday's close. The lower the reading the better the liquidity conditions in the interbank market.

     The benchmark seven-day repo average was last at 2.6574%, compared with2.7302% on Wednesday.

Edited by SHMET

PBOC Skips OMOs For 8th Straight Day; Drains CNY90 Bln

Date Jan 03 2018 15:00:27

     BEIJING (MNI) - The People's Bank of China skipped its open-market operations Wednesday, saying the liquidity level in the banking system is at a ‚Äúrelatively high" level.

     This resulted in a net drain of CNY90 billion for the day, as a total ofCNY90 billion in reverse repos mature on Wednesday.

     Today is the eighth consecutive trading day that the PBOC skipped its open market operations.

     The CFETS-ICAP money-market sentiment index ended at 44 on Tuesday, down from 56 at Friday's close. The lower the reading the better the liquidity conditions in the interbank market.

     The benchmark seven-day repo average was last at 2.6526%, compared with 2.7655% on Tuesday.

Edited by SHMET
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