BEIJING (MNI) – The People’s Bank of China injected CNY70 billion in seven-day reverse repos and CNY70 billion in 14-day reverse repos via open-market operations Wednesday, Wind Information, a Shanghai-based financial data provider, said.
This resulted in a net zero injection/drain for the day.
A total of CNY140 billion in reverse repos matures Wednesday.
Today is the eighth consecutive trading day the PBOC didn’t add liquidity at OMOs.
The CFETS-ICAP money-market sentiment index ended at 43 Tuesday compared with 47 at Monday’s close. The lower the reading the better liquidity in the interbank market.
The PBOC is expected to make an official announcement on its website about Wednesday’s OMOs at about 9:45a.m. Beijing time.
The benchmark seven-day repo average was last at 2.7643% compared with 2.8590% on Tuesday.
–MNI Beijing Bureau; +86 10 85325998; email: email@example.com