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MNI: PBOC Net Drains CN100 Billion via OMOs

     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations (OMOs) for a second straight day on Wednesday, resulting in a net
drain of CNY100 billion as that amount of reverse repos matured, according to
Wind Information.
- Total liquidity in the banking system is at a reasonable and ample level, the
PBOC said.
- The 7-day weighted average interbank repo rate for depository institutions
(DR007) rose to 2.6400% at 0924 local time from the close of 2.5960% on Tuesday:
Wind Information.
- The CFETS-NEX money-market sentiment index closed at 44 on Tuesday, vs 45 on
Monday.
--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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