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CHINA: Central Bank Injects Liquidity via OMO. 

Feb-24 01:30
  • The PBOC issued CNY292.5bn of 7-day reverse repo at 1.5% during this morning’s operations
  • Maturities today CNY190.5bn
  • Net liquidity injection CNY102bn.
  • 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 Average is at 1.7154% down from Friday at 2.2156%.
  • The China Overnight Interbank Repo Rate is at 1.83% (from Friday at 1.54%).
  • The China 7-day Interbank Repo Rate is at 2.20% (from Friday at 1.75%)
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MNI: CHINA PBOC CONDUCTS CNY292.5 BLN VIA 7-DAY REVERSE REPO MON

Feb-24 01:22
  • CHINA PBOC CONDUCTS CNY292.5 BLN VIA 7-DAY REVERSE REPO MON

CNH: USD/CNY Fixing Edges Back Up, But Remains Within Recent Ranges

Feb-24 01:19

The USD/CNY fix printed at 7.1717, against a BBG market consensus of 7.2535.

  • The fixing edges back up but remains within recent ranges. The fixing error was slightly wider at -815pips.
  • USD/CNH has edged down today, last under 7.2500, as broader USD sentiment softens, led by the EUR (which is back above 1.0500).