Policy

PBOC Skips OMOs Monday; Drains CNY160 Bln

Date 11/6/2017 2:25:25 PM

    BEIJING (MNI) - The People's Bank of China skipped its open-market operations on Monday, saying that the current level of liquidity conditions is relatively high and can absorb the impact of maturing reverse repos.

    This resulted in a net drain of CNY160 billion for the day, as a total of CNY160 billion in reverse repos mature on Monday.

    A total of CNY690 billion in reverse repos mature this week.

    The CFETS-ICAP money-market sentiment index ended at 30 on Friday, down from 34 at Thursday's close. The lower the reading the better the liquidity conditions in the interbank market.

    The benchmark seven-day repo average was last at 2.6587%, compared with 2.7387% on Friday.

 

 

Edited by SHMET