Policy

PBOC Skips OMOs Friday; Liquidity Condition Unchanged

Date 9/8/2017 4:05:04 PM

BEIJING (MNI) - The People's Bank of China skipped its open market

operations on Friday, according to the PBOC.

     The PBOC said on its official website that the banking system's liquiditycondition was at a "relatively high" level.

     This resulted in a net zero injection/drain for the day.

     No reverse repos mature on Friday.

     The PBOC has drained a total of CNY330 billion via reverse repos this week.Taking into account medium-term lending facilities (MLFs), the PBOC has draineda total of CNY201.5 billion this week.

     The CFETS-ICAP money-market sentiment index ended at 41 on Thursday --slightly down from 42 at Wednesday's close. The lower the reading the better theliquidity conditions in the interbank market.

     The benchmark seven-day repo average was last at 2.6524%, compared with2.8241% on Thursday.

Source:Reuters

Edited by SHMET