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MNI: PBOC Injects CNY100 Bln via Open Market Operations

     BEIJING (MNI) - The People's Bank of China (PBOC) injected a net of CNY100
billion via 14-day reverse repos with the rate unchanged at 2.65% on Tuesday,
according to a statement on the PBOC website.
     - The injection aims to offset peak demand for cash and keep liquidity in
the banking system at a reasonable and ample level before Chinese New Year, the
PBOC said.
     - The 7-day weighted average interbank repo rate for depository
institutions (DR007) rose to 2.5845% at 09:50 a.m. local time from the close of
2.5708% on Monday: Wind Information.
     - The CFETS-NEX money-market sentiment index closed at 37 on Monday vs 40
on Friday. A lower index indicates reduced market expectations for tighter
liquidity.
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]

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