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MNI: PBOC Injects CNY80 Billion via OMOs, Liquidity Unchanged

     BEIJING (MNI) - The People's Bank of China (PBOC) injected CNY80 billion
via 7-day reverse repos on Friday, adding liquidity for a tenth consecutive day.
This offsets the maturity of CNY80 billion in reverse repos, leaving liquidity
unchanged, according to Wind Information.
- The injection aims to offset the issuance of local government bonds, the
maturity of local treasury's cash management as well as reverse repos, the PBOC
said.
- The PBOC has injected a total of CNY270 billion via reverse repos, which
resulted in a net drain of CNY30 billion given the maturity of CNY300 billion of
reverse repos, Wind Information said.
- The 7-day weighted average interbank repo rate for depository institutions
(DR007) rose to 2.6492% at 0950 local time from the close of 2.6219% on
Thursday: Wind Information.
- The CFETS-NEX money-market sentiment index closed at 47 on Thursday vs 49 on
Wednesday.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@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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