Policy

PBOC Injects CNY40 Bln In OMO Tuesday; No Net Injection/Drain

Date 10/10/2017 5:22:51 PM

BEIJING (MNI) - The People's Bank of China injected CNY40 billion in seven-day reverse repos Tuesday, Wind Information, a Shanghai-based financial data provider, said.

     This resulted in no net injection or drain of liquidity for the day, as a total of CNY40 billion in reverse repos mature today.

     A total of CNY100 billion in reverse repo and CNY84 billion in Medium-term Lending Facility instruments will mature this week.

     The CFETS-ICAP money-market sentiment index ended at 63 on Monday, downfrom 77 at the previous close on Sept. 30. The lower the reading the better the liquidity conditions in the interbank market.

     The PBOC is expected to make an official announcement on its website about this morning's OMO around 9:45 am Beijing time.

     The benchmark seven-day repo average was last at 2.8000%, lower than2.9706% on Monday.

Edited by SHMET