PBOC Skips OMOs Tuesday; Drains CNY130 Bln

Date 1/9/2018 3:14:47 PM

     BEIJING (MNI) - The People's Bank of China skipped its open-market operations on Tuesday, citing "moderate" liquidity in the banking system after absorbing the impact of maturing reverse repos.

     This results in a net drain of CNY130 billion for the day, as a total CNY130 billion in reverse repos matures on Tuesday.

     Today is the 12th straight trading day that the PBOC skipped open market operations.

     The CFETS-ICAP money-market sentiment index ended at 46 on Monday, up from33 at Friday's close. A higher reading indicates reduced liquidity in the interbank market.

     The benchmark seven-day repo average was last at 2.6500%, down from 2.6963% on Monday.

Edited by SHMET