Policy

PBOC Drains Net CNY40 Billion In OMOs Wednesday

Date 11/8/2017 3:17:32 PM

BEIJING (MNI) - The People's Bank of China injected CNY70 billion inseven-day reverse repos, CNY30 billion in 14-day reverse repos and CNY60 billion in 63-day reverse repos via open-market operations Wednesday, Wind Information,a Shanghai-based financial data provider, said.

     This resulted in a net drain of CNY40 billion for the day, as a total of CNY200 billion in reverse repos mature on Wednesday.

     The CFETS-ICAP money-market sentiment index ended at 43 on Tuesday, up from 38 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 9:45a.m., Beijing time.

     The benchmark seven-day repo average was last at 2.6507%, compared with 2.7587% on Tuesday.

 

Report by SHMET