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MNI: PBOC Injects CNY240 Bln In OMOs Wed; Liquidity Unchanged

     BEIJING (MNI) - The People's Bank of China injected CNY160 billion in
seven-day reverse repos, CNY70 billion in 14-day reverse repos and CNY10 billion
in 63-day reverse repos via open-market operations Wednesday, according to Wind
Information, a Shanghai-based financial data provider.
     This resulted in a net zero injection/drain for the day, as a total of
CNY240 billion in reverse repos mature on Wednesday. This is the third straight
trading day that the PBOC neither injected nor drained liquidity from the
banking system at its OMO. 
     The CFETS-ICAP money-market sentiment index ended at 39 on Tuesday, barely
changed from 40 at Monday'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 a.m., Beijing time.
     The benchmark seven-day repo average was last at 2.6601%, compared with
2.9202% on Tuesday.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@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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