Policy

PBOC to skip OMO again on Friday, taking net drain for week to 330 bln yuan

Date 9/8/2017 4:06:07 PM

SHANGHAI, Sept 8 (Reuters) - China's central bank said it will skip open market operations on Friday, as liquidity in the banking system was "relatively high". 

    For the week, the People's Bank of China (PBOC) will drain a net 330 billion yuan ($50.90 billion) from the market, compared with a net drain of 280 billion yuan a week earlier.

    The PBOC injected 298 billion yuan into the financial system via one-year medium-term lending facility (MLF) loans.

    Following is a summary of the volume of the PBOC's open market operations and maturing bills, repos and reverse repos for the week (in billions of yuan):

    

                                           Injection      Drain       Net

 _____________________________________________________________

    Bills                    

    Repos                  

    Reverse repos*                    40   

    Bills maturing              

    Repos maturing

    Reverse repos maturing                    -370

 _____________________________________________________________

       TOTAL                              40         -370       -330 


Source:Reuters

Edited by SHMET