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MNI: PBOC Injects CNY140 Bn In OMO Monday; Liquidity Unchanged

     BEIJING (MNI) - The People's Bank of China injected CNY70 billion in
seven-day reverse repos, CNY60 billion in 14-day reverse repos and CNY10 billion
in 63-day reverse repos via open-market operations Monday, Wind Information, a
Shanghai-based financial data provider, said.
     This resulted in no injection/drain for the day, as a total of CNY140
billion in reverse repos mature on Monday. 
     A total of CNY950 billion reverse repos mature this week. 
     The liquidity is expected to tight in the interbank market this week due to
the cross-month factors. 
     The CFETS-ICAP money-market sentiment index ended at 37 on Friday, down
from 48 at Thursday's close. The lower the reading the better the liquidity
conditions in the interbank market.
     The PBOC is expected to make an official announcement on its official
website about this morning's OMO around 9:45 am, Beijing time. 
     The benchmark seven-day repo average was last at 2.6500%, compared with
2.9387% on Friday.
--MNI Beijing Bureau; +86 (10) 8532 5998; email: marissa.wang@marketnews.com
--MNI BEIJING Bureau; +1 202-371-2121; email: john.carter@mni-news.com
[TOPICS: MMQPB$,M$A$$$,M$Q$$$,MN$MM$]

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