Policy

PBOC Injects CNY40 Bln In OMOs Thursday; Liquidity Unchanged

Date 11/9/2017 1:32:18 PM
    BEIJING (MNI) - The People's Bank of China injected CNY20 billion in seven-day reverse repos, CNY10 billion in 14-day reverse repos and CNY10 billion in 63-day reverse repos via open-market operations Thursday, Wind Information, a Shanghai-based financial data provider, said.

    This resulted in a net zero injection/drain for the day, as a total of CNY40 billion in reverse repos mature on Thursday.

    The CFETS-ICAP money-market sentiment index ended at 47 on Wednesday, up from 43 at Tuesday'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 2.6575%, compared with 2.8037% on Wednesday.

 

 

Edited by SHMET