Policy

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

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
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