Policy

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

PBOC to skip OMO for the 4th day on Tuesday

Date Sep 05 2017 16:59:07

SHANGHAI, Sept 5 (Reuters) - China's central bank said it will skip open market operations for a fourth trading day in a row on Tuesday, as liquidity in the banking system was "relatively high". 

    Liquidity remained at relatively high levels to "absorb maturing reverse repos," the People's Bank of China said in an online statement.

    On a net basis, the PBOC will drain a net 70 billion yuan ($10.72 billion) from the market via its open market operations for the day.

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

Source :Reuters

Edited by SHMET

PBOC Skips OMOs Tuesday; Drains CNY70 billion

Date Sep 05 2017 16:58:20

BEIJING (MNI) - The People's Bank of China skipped its open marketoperations on Tuesday, the bank said.

     The PBOC said the liquidity level in the banking system was "relativelyhigh," so the influence of maturing reverse repos can be "absorbed" -- the sameassessment it gave Monday.

     This resulted in a net drain of CNY70 billion for the day, as a total ofCNY70 billion in reverse repos mature on Tuesday.

     The CFETS-ICAP money-market sentiment index ended at 39 on Tuesday --slightly up from 37 at Monday's close. The lower the reading the better theliquidity conditions in the interbank market.

     The benchmark seven-day repo average was last at 2.6555%, compared with2.8891% on Monday.

Source:Reuters

Edited by SHMET
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