The PBOC issued CNY288.6bn of 7-day reverse repo at 1.4% during this morning's operations.
Today's maturities CNY240.5bn.
Net liquidity injects CNY48.1bn.
The PBOC monitors and maintains liquidity in the interbank system through the issuance of reverse repo.
The CFETS Pledged Repo Deposit Institutions 7 Day Weighted is at 1.47%, from prior close of 1.55%.
The China overnight interbank repo rate is at 1.32%, from the prior close of 1.30%.
The China 7-day interbank repo rate is at 1.50%, from the prior close of 1.58%.
MNI: CHINA PBOC CONDUCTS CNY288.6 BLN VIA 7-DAY REVERSE REPO MON
Sep-29 01:22
CHINA PBOC CONDUCTS CNY288.6 BLN VIA 7-DAY REVERSE REPO MON
CNH: USD/CNY Fixing Edges Lower As USD Strength Stalls
Sep-29 01:17
The USD/CNY fix printed at 7.1089, versus a BBG market consensus of 7.1265
This fixing moved lower again after bouncing towards the end of last week(Friday's print was 7.1152). The error term adjusted lower to 176 pips (from -307 pips last).
Spot USD/CNH tracks near 7.1330 in latest dealings, down a little from the highs seen just below the 7.1500 area seen at the end of last week.