Policy

PBOC Injects CNY70 Bln In OMOs Wed; Liquidity Level Unchanged

Date 9/13/2017 6:14:33 PM

BEIJING (MNI) - The People's Bank of China injected CNY30 billion in

seven-day reverse repos, CNY20 billion in 14-day reverse repos and CNY20 billion

in 28-day reverse repos via open-market operations Wednesday, Shanghai-based

financial data provider Wind Information said.

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

     A total of CNY70 billion in reverse repos matures Tuesday.

     The CFETS-ICAP money-market sentiment index ended at 45 on Tuesday comparedwith 44 at Monday's close. The lower the reading the better liquidity conditionsin the interbank market.

     The PBOC is expected to make an official announcement on its website around9:45a.m., Beijing time.

     The benchmark seven-day repo average was last at 2.6522% compared with2.8734% Tuesday.

 

Edited by SHMET