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MNI: PBOC Injects Net CNY150 Bln Friday, CNY330 Bln this week

MNI (Singapore)
     BEIJING (MNI) - The PBOC injected CNY110 billion via 7-day reverse repos
and CNY40 billion via 14-day reverse repo on Friday, according to Wind
Information. The injections were to "maintain reasonable and ample liquidity in
the banking system for hedging against paying taxes as well as government
bonds", PBOC said in its statement.
     The OMOs led to net injection of CNY150 billion, as no reverse repo matures
today, and a total of CNY330 billion for the week. The repo rate was unchanged
at 2.55% and 2.70% respectively, according to the PBOC.
     - CFETS-ICAP's money-market sentiment index came in at 36 today, down from
37 at closing on Thursday.
     - Benchmark 7-day deposit repo average fell to 2.6270% today from 2.6366%
on Thursday: Wind Information. 
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com
--MNI Beijing Bureau; +86-10-8532-5998; email: beijing@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]

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