Policy

PBOC Injects CNY404 Billion In MLF Loans Friday

Date 11/3/2017 5:01:43 PM
     BEIJING (MNI) - The People's Bank of China injected CNY404 billion inone-year Medium-term Lending Facility (MLF) loans Friday, with the rate unchanged at 3.20%,  PBOC said on its official website.

     The PBOC also skipped its open market operation for the second day in a row.

     This resulted in a net injection of CNY107 billion for the day, as a totalof CNY90 billion in reverse repos and CNY207 billion in MLF loans mature onFriday.

     A total of CNY396 billion in MLF loans mature in November.

     The PBOC injected a net of CNY87 billion in liquidity this week, including reverse repos and MLFs.

     The CFETS-ICAP money-market sentiment index ended at 34 on Thursday, down from 43 at Wednesday's close. The lower the reading the better the liquidity conditions in the interbank market.

     The benchmark seven-day repo average was last at 2.6886%, compared with 2.8437% on Thursday.

Edited by SHMET