Policy

PBOC Injects CNY70 Bln In OMOs Thursday; No Net Add/Drain

Date 9/28/2017 5:50:07 PM

BEIJING (MNI) - The People's Bank of China injected CNY50 billion in 14-day

reverse repos and CNY20 billion in 28-day reverse repos via open-market

operations Thursday, Wind Information, a Shanghai-based financial data provider,

said.

     This resulted in a zero net injection/drain for the day, as a total of

CNY70 billion in reverse repos mature Thursday.

     The CFETS-ICAP money-market sentiment index ended at 54 on Wednesday, up

slightly from 53 at Tuesday's close. The lower the reading the better the

liquidity conditions in the interbank market.

     The PBOC is expected to make an official announcement on its official

website about this morning's OMO around 9:45a.m., Beijing time.

     The benchmark seven-day repo average was last at 2.8407%, compared with

3.1177% on Wednesday.

Edited by SHMET