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MNI: PBOC Issues CNY400 Bln 1-Y MLF; Cuts Rate by 5 Pp

MNI (Singapore)
     BEIJING (MNI) - The People's Bank of China (PBOC) on Tuesday injected
CNY400 billion via 1-year medium-term lending facility (MLF) with the rate
lowered to 3.25% by 5pp. The amount basically matches that maturing today, it
said. The central bank skipped conducting reverse repos today, it said on its
website.
     - The 7-day weighted average interbank repo rate for depository
institutions (DR007) rose to 2.5046% at 10:10 a.m. local time from the close of
2.4398% on Monday: Wind Information.
     - The CFETS-NEX money-market sentiment index closed at 41 on Monday vs 40
on Friday. A higher index indicates higher market expectations for tighter
liquidity.
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com

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