MNI: PBOC Skips OMOs For 9th Straight Day; Drains CNY130 Bln

Date 1/4/2018 2:32:00 PM

     BEIJING (MNI) - The People's Bank of China skipped its open-marketoperations Thursday, saying the liquidity level in the banking system is at a"relatively high" level.

     This resulted in a net drain of CNY130 billion for the day, as a total ofCNY130 billion in reverse repos mature on Thursday.

     Today is the ninth consecutive trading day that the PBOC skipped its open market operations.

     The CFETS-ICAP money-market sentiment index ended at 37 on Wednesday, down from 44 at Tuesday's close. The lower the reading the better the liquidity conditions in the interbank market.

     The benchmark seven-day repo average was last at 2.6574%, compared with2.7302% on Wednesday.

Edited by SHMET