PBOC Leaves Liquidity Unchanged at OMOs Monday: MNI

BEIJING (MNI) – The People’s Bank of China injected CNY10 billion in seven-day reverse repos and CNY30 billion in 28-day reverse repos at open-market operations Monday, traders said.

This resulted in a net zero injection or drain. A total of CNY40 billion in reverse repos matures Monday.

The PBOC skipped its 14-day reverse repos Monday – as it did a week ago Monday.

A total of CNY210 billion matures this week. A total of CNY207 billion of Medium-term Lending Facility matures Friday.

The benchmark seven-day repo average was last at 2.6510% compared with 2.9136% Friday.

–MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com

Source: MNI

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