Policy

PBOC Drains Net CNY50 Billion Friday Via Skipping OMOs

Date Dec 29 2017 14:39:31

      BEIJING (MNI) - The People's Bank of China skipped its open-market operations on Friday, saying that an increase in fiscal spending toward the year-end can hedge the impact of maturing reverse repos and that liquidity conditions are still at a high level.

     This resulted in a net drain of CNY50 billion for the day, as a total of CNY50 billion in reverse repos mature on Friday. It is the sixth consecutive trading day that the PBOC has skipped the OMOs.

     The PBOC has drained a net CNY290 billion from the interbank this week.

     The CFETS-ICAP money-market sentiment index ended at 56 on Thursday, slightly up 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 2.7687%, compared with 2.9769% on Thursday.

Edited by SHMET

PBOC Drains Net CNY30 Billion Thursday Via Skipping OMOs

Date Dec 28 2017 16:29:58

      BEIJING (MNI) - The People's Bank of China skipped its open-marketoperations on Thursday, saying that an increase in fiscal spending toward theyear-end can hedge the impact of maturing reverse repos and that liquidityconditions are still at a high level.

     This resulted in a net drain of CNY30 billion for the day, as a total ofCNY30 billion in reverse repos mature on Wednesday. It is the fifth consecutivetrading day that the PBOC has skipped the OMOs.

     The PBOC has drained a net CNY240 billion from the interbank market so farthis week. Analysts said the the central bank's decision has worsened thestructural problem of liquidity, particularly when the demand is increasing atyear-end.

     The CFETS-ICAP money-market sentiment index ended at 54 on Wednesday,slightly down from 56 at Tuesday's close. The lower the reading the better theliquidity conditions in the interbank market.

     The benchmark seven-day repo average was last at 2.6680%, compared with2.8773% on Wednesday.

 

Edited by SHMET

PBOC Drains Net CNY120 Billion Monday Via Skipping OMOs

Date Dec 25 2017 15:22:54

     BEIJING (MNI) - The People's Bank of China skipped its open-market operations on Monday, saying that an increase in fiscal spending toward the year-end that can hedge the impact of maturing reverse repos.

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

     A total of CNY290 billion reverse repos are maturing this week.

     The PBOC injected a total of CNY200 billion into the banking system via its reverse repos last week.

     The CFETS-ICAP money-market sentiment index ended at 43 on Friday, up from 41 at Thursday's close. The lower the reading the better the liquidity conditions in the interbank market.

Edited by SHMET

MNI: PBOC Drains Net CNY80 Billion In OMOs Friday

Date Dec 22 2017 17:09:16
BEIJING (MNI) - The People's Bank of China skipped its open-market
operations on Friday, saying that the liquidity conditions in the banking system
was at a "relatively high" level, given an increase in fiscal spending toward
the year-end that can hedge the impact of maturing reverse repos and push up the
banking system liquidity level.

     This resulted in a net drain of CNY80 billion for the day, as a total of
CNY80 billion in reverse repos mature on Friday. 

     The PBOC has injected a total of CNY200 billion into the banking system via
its reverse repos this week.

     The CFETS-ICAP money-market sentiment index ended at 41 on Thursday, down
from 44 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 2.6688%, compared with
2.8214% on Thursday.

Edited by SHMET

PBOC Drains Net CNY10 Billion In OMOs Thursday

Date Dec 21 2017 16:43:21

     BEIJING (MNI) - The People's Bank of China injected CNY30 billion inseven-day reverse repos, CNY30 billion in 14-day reverse repos and CNY10 billion in 28-day reverse repos via open-market operations Thursday, Wind Information, a Shanghai-based financial data provider, said.

     This resulted in a net drain of CNY10 billion for the day, as a total of CNY80 billion in reverse repos mature on Thursday.

     This is the first time that the PBOC has drained liquidity via its reverserepos since last Thursday.

     The CFETS-ICAP money-market sentiment index ended at 44 on Wednesday, downfrom 46 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 9:45 a.m. Beijing time.

     The benchmark seven-day repo average was last at 2.6701%, compared with 2.9024% on Wednesday.

 

Edited by SHMET
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