Policy

PBOC Injects Net CNY150 Billion In OMOs Monday

Date 11/13/2017 5:02:01 PM
    BEIJING (MNI) - The People's Bank of China injected CNY80 billion in seven-day reverse repos, CNY70 billion in 14-day reverse repos and CNY30 billion in 63-day reverse repos via open-market operations Monday, Wind Information, a Shanghai-based financial data provider, said.

     This resulted in a net injection of CNY150 billion for the day, as a total of CNY30 billion in reverse repos mature on Monday.

     A total of CNY66.5 billion in Medium-term Lending Facility (MLF) loans also mature on Monday. Taking account of maturing MLF loans, the PBOC injected a net of CNY83.5 billion into the banking system Monday.

     A total of CNY340 billion in reverse repos will mature this week. An additional CNY122.5 billion in MLF loans will mature Thursday while CNY80billion in treasury deposits will mature Friday.

     The CFETS-ICAP money-market sentiment index ended at 47 on Friday, slightly down from 49 at Thursday'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 2.6514%, compared with 2.9438% on Friday.

 

Edited by SHMET