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MNI: PBOC Injected Net CNY60 Billion on Wednesday

MNI (Singapore)
     BEIJING (MNI) - The People's Bank of China (PBOC) injected CNY60 billion in
7-day reverse repos on Wednesday, according to Wind Information. The injection,
the first in three weeks, was to "maintain the reasonable and ample liquidity in
the banking system for hedging against paying taxes as well as government
bonds", PBOC said in its statement.
     PBOC's action led to net injection of CNY60 billion as no reverse repo
matures today. The repo rate was unchanged at 2.55%, according to the PBOC.
 - CFETS-ICAP's money-market sentiment index closed at 31 on Tuesday, down from
51 on Monday.
 - Benchmark 7-day deposit repo average fell to 2.6600% today from 2.6694% on
Tuesday: Wind Information. 
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]

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