MNI: PBOC Injects Net CNY100 Billion In OMOs Thursday: MNI

BEIJING (MNI) – The People’s Bank of China injected CNY140 billion in seven-day reverse repos, CNY120 billion in 14-day reverse repos and CNY10 billion in 63-day reverse repos via open-market operations Thursday, Wind Information, a Shanghai-based financial data provider, said.

This resulted in a net injection of CNY100 billion for the day, as a total of CNY170 billion in reverse repos mature on Thursday.

A total of CNY80 billion in treasury deposits will mature on Thursday.

The CFETS-ICAP money-market sentiment index ended at 60 on Thursday, barely changed from 59 at Wednesday’s close. The lower the reading the better the liquidity conditions in the interbank market.

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

The benchmark seven-day repo average was last at 2.8466%, compared with 2.8967% on Wednesday.

–MNI Beijing Bureau; +86 10 85325998; email: [email protected]
–MNI Beijing Bureau; +86 (10) 8532-5998; email: [email protected]

Source: MNI

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