Nine consecutive week the central bank open market to maintain a neutral loose surface drainage fund

Yangcheng Evening News reporter Dai Manman reports: Yesterday, the central bank in the open market for a $ 10 billion repurchase operations, for a period of 28 days. On Tuesday the central bank had 20 billion yuan 28 days of repurchase operations, plus 80 billion yuan of funds due this week, which means this week will realize net capital invested 50 billion yuan. This is the ninth consecutive week the central bank injected a net. But yesterday, several analysts have told Yangcheng Evening News reporter said that the current market interest rates edged up, is due early in reserve to pay the corporate tax and other seasonal factors, the pressure, but in the medium term liquidity will be maintained in partial loose state.

     Central bank announcement shows that the central bank in the open market on Thursday launched a 10 billion yuan 28-day repurchase operations, the operation amount reduced from Tuesday's 20 billion yuan to 100 billion yuan. Wind data show that the open market this week, there will be 800 million repurchase funds expire, which means do not take into account other non-routine operations, open market this week will achieve net invested 50 billion yuan.

This is the ninth consecutive week the central bank injected a net in the open market, net invested capital amounted to 55 billion yuan last week. However, yesterday, the current money market interest rates remain slightly upward.

On Monday, the financial institutions to usher in "the test" routine each day to pay the deposit reserve day. Prospective market is expected to pay the deposit for another day about the size of 300 billion yuan, the central bank through open market operations to "rescue" decompression, also among the early expectations.

Analysts said the central bank's repo why insist on reductions on Thursday, in fact, the release signal to the market that a substantial easing of liquidity is not welcomed by the authorities.

Some analysts have said that as in the first half of this year, the central bank has two "quasi-directional drop" initiative, and the CBRC also reserve calculation caliber fine-tuning, under various initiatives, the second half of capital to maintain a neutral bias the possibility of a larger pine.