Policy

PBOC Injects CNY120 Bln In OMOs Wed; Liquidity Unchanged

Date 1/10/2018 4:18:57 PM

    BEIJING (MNI) - The People's Bank of China injected CNY60 billion inseven-day reverse repos and CNY60 billion in 14-day reverse repos viaopen-market operations Wednesday, according to Wind Information, aShanghai-based financial data provider.

     This resulted in a net zero effect on liquidty for the day, as a total ofCNY120 billion in reverse repos mature on Wednesday.

     Today is the first time in more than two weeks that the PBOC conducted openmarket operations.

     The CFETS-ICAP money-market sentiment index ended at 41 on Tuesday, downfrom 46 at Monday's close. The lower the reading the better the liquidityconditions in the interbank market.

     The PBOC is expected to make an official announcement on its officialwebsite about this morning's OMO around 9:45a.m., Beijing time.

     The benchmark seven-day repo average was last at 2.6500%, compared with2.7022% on Tuesday.

Edited by SHMET