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MNI: Liquidity Unchanged after PBOC Skips OMOs

     BEIJING (MNI) - The People's Bank of China skipped  its open market
operations on Wednesday, stating on its website that steady increase of
month-end fiscal expenses can offset the liquidity drain due to local government
bond issuance. The PBOC's inaction resulted in no change in liquidity, as no
reverse repos matured today, according to Wind Information.
  - No reverse repos will mature over the rest of this week;  
  - CFETS-ICAP's money-market sentiment index closed at 36 on Wednesday, up from
32 on Tuesday;
  - Benchmark 7-day deposit repo average rose to 2.6509% on Wednesday from
2.6333% on Tuesday: Wind Information. 
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@marketnews.com
--MNI Beijing Bureau; +86-10-8532-5998; email: beijing@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]

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