Policy

PBOC Injects CNY188 Bln In MLFs Wed; Drains CNY160 Bln

Date 12/6/2017 2:17:18 PM

     BEIJING (MNI) - The People's Bank of China injected CNY188 billion in one-year Medium-term Lending Facility (MLFs) loans on Wednesday and skipped its open market operations.

     This resulted in a net drain of CNY160 billion for the day from the banking system, as a total of CNY188 billion in MLF loans and CNY160 billion in reverse repos mature on Wednesday.

     An additional amount of CNY187 billion in MLF loans will mature on Dec. 16.

     The CFETS-ICAP money-market sentiment index ended at 36 on Tuesday, barely changed from 37 at Monday's close. The lower the reading the better the liquidity conditions in the interbank market.

     The benchmark seven-day repo average was last at 2.6613%, compared with 2.7868% on Tuesday.

 

Edited by SHMET