PBOC Skipped OMOs Tuesday; Liquidity Level Unchanged

Date 9/12/2017 3:24:49 PM

BEIJING (MNI) - The People's Bank of China skipped open-market operationsTuesday for a fourth consecutive trading day, according to the PBOC. Liquidityin the banking system was "relatively high," it said.

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

     No reverse repos mature Tuesday.

     The CFETS-ICAP money-market sentiment index ended at 44 on Monday comparedwith 42 at Friday's close. The lower the reading the better the liquidityconditions in the interbank market.

     The benchmark seven-day repo average was last at 2.6540% compared with2.8705% Monday.

Edited by SHMET