Policy

PBOC to skip OMO for the 3rd day on Monday

Date Sep 04 2017 17:12:56

SHANGHAI, Sept 4 (Reuters) - China's central bank said it will skip open market operations for a third trading day in a row on Monday, as liquidity in the banking system was "relatively high", the bank said.

    Liquidity remains 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 140 billion yuan ($21.36 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. 

Edited by SHMET

PBOC Skipped Its OMOs Monday; Drained CNY140 billion

Date Sep 04 2017 17:12:33

BEIJING (MNI) - The People's Bank of China skipped its open marketoperations on Monday, according to the PBOC.

 

     The PBOC said the liquidity level in the banking system was "relativelyhigh" so that the influence of maturing reverse repos can be "absorbed."

 

     This resulted in a net drain of CNY140 billion for the day, as a total ofCNY140 billion in reverse repos mature on Monday.

 

     There will be a total of CNY370 billion of reverse repos maturing thisweek.

 

     A total of CNY169.5 of medium-term lending facilities (MLF) will mature onThursday.

 

     The CFETS-ICAP money-market sentiment index ended at 37 on Friday - 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 2.6516%, compared with2.9408% on Friday.

 

Edited by SHMET

PBOC Skips OMOs Thursday; Drains Net CNY40 Billion

Date Aug 31 2017 17:16:44

BEIJING (MNI) - The People's Bank of China skipped its open market operations on Thursday, according to the central bank.

     The PBOC said more fiscal expenditure toward the end of the month will hedge the impact of maturing reverse repos and make the overall liquidity condition of the banking system relatively high.

     The result was a net drain of CNY40 billion for the day.

     A total of CNY40 billion in reverse repos mature on Thursday.

     The CFETS-ICAP money-market sentiment index ended at 45 on Wednesday – down from 61 at Thursday's close, due to the impact of fiscal spending. The lower the reading the better the liquidity conditions in the interbank market.

     The benchmark seven-day repo average was last at 2.7279%, compared with2.8823% on Wednesday.

Source:Reuters

Edited by SHMET

PBOC Drains Net CNY100 Billion In OMOs Wednesday

Date Aug 30 2017 10:32:26

BEIJING (MNI) - The People's Bank of China injected CNY80 billion inseven-day reverse repos and CNY50 billion in 14-day reverse repos viaopen-market operations Wednesday, Wind Information, a Shanghai-based financialdata provider, said.

 

     This resulted in a net drain of CNY100 billion for the day.

 

     A total of CNY230 billion in reverse repos mature on Wednesday.

 

     The CFETS-ICAP money-market sentiment index ended at 61 on Tuesday -- downslightly from 64 at Monday's close. The lower the reading the better theliquidity conditions 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 2.6516%, compared with2.9322% on Tuesday.

 Source:Reuters

PBOC Sets Yuan Parity Stronger at 6.6102; +1.24% Y/Y

Date Aug 30 2017 10:31:25

BEIJING (MNI) - The People's Bank of China set the yuan central parity rate

against the U.S. dollar at 6.6102 Wednesday, stronger than Tuesday's 6.6293. The

PBOC has set the fixing stronger for three straight trading days and today's

fixing marks the highest since Aug. 17 last year.

 

                      Dlr-CNY  EUR-CNY  JPY-CNY

-----------------------------------------------

Today's fixing          6.6102   7.9143   6.0248

Prev. fixing            6.6293   7.9333   6.0961

Prev. official close      6.5975       --       --

%Chg y/y             +1.24    -5.55    +8.81

%Chg since Jan. 1       +5.34    -8.05    -1.57

%Chg since July '05     +25.20       --       --

     The People's Bank of China started setting a daily central parity rate on

Jan. 4, 2007.

 

     On July 21, 2005 China freed the yuan from its longstanding peg to the

dollar in favor of a managed float with reference to a basket of currencies.

 

     Starting March 17, 2014 the yuan was allowed to move 2% on either side of

the daily fixing against the dollar.

Source:Reuters

Edited by SHMET
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