Policy

PBOC Injects CNY20 Bln In OMOs Wednesday; Liquidity Unchanged

Date 10/11/2017 1:16:39 PM

BEIJING (MNI) - The People's Bank of China injected CNY20 billion in

seven-day reverse repos via open-market operations Wednesday, Wind Information,

a Shanghai-based financial data provider, said.

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

CNY20 billion in reverse repos mature on the same day.

     The CFETS-ICAP money-market sentiment index ended at 41 on Tuesday, down

significantly from 63 at Monday'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 9:45 a.m., Beijing time.

     The benchmark seven-day repo average was last at 2.6500%, compared with

3.0099% on Tuesday.

Edited by SHMET