Policy

MNI: PBOC Injects Net CNY140 Billion In OMOs Tuesday

Date 11/14/2017 3:51:58 PM
     BEIJING (MNI) - The People's Bank of China injected CNY130 billion in seven-day reverse repos, CNY120 billion in 14-day reverse repos and CNY30 billion in 63-day reverse repos via open-market operations Tuesday, Wind Information, a Shanghai-based financial data provider, said.

     This resulted in a net injection of CNY140 billion for the day, as a totalof CNY140 billion in reverse repos mature on Tuesday.

     The CFETS-ICAP money-market sentiment index ended at 51 on Monday, up from 47 at Friday'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 2.6624%, compared with 2.9430% on Monday.

Edited by SHMET