PBOC Skips OMOs Monday; Drains CNY40 Bln

Date 9/11/2017 5:03:02 PM

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

Monday, it said.

     Liquidity in the banking system is relatively high and can absorb the

effect of purchasing government treasuries and maturing reverse repos, the PBOC


     There was a net drain of CNY40 billion for the day.

     A total of CNY40 billion in reverse repos matures Monday. A total of CNY110

billion in reverse repos matures this week.

     The CFETS-ICAP money-market-sentiment index ended at 42 Friday compared

with 41 at Friday's close. The lower the reading the better liquidity in the

interbank market.

     The benchmark seven-day repo average was last at 2.6687% compared with

2.8282% Friday.

Edited by SHMET