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MNI: PBOC Net Drains CNY10 Billion via OMOs

MNI (London)
     BEIJING (MNI) - The People's Bank of China (PBOC) injected CNY50 billion
via 7-day reverse repos on Tuesday, adding liquidity for a seventh consecutive
day. This resulted in a net drain of CNY10 billion given the maturity of CNY60
billion in reverse repos, according to Wind Information.
- The 7-day weighted average interbank repo rate for depository institutions
(DR007) fell to 2.6514% at 0950 local time from the close of 2.6745% on Friday:
Wind Information.
- The CFETS-NEX money-market sentiment index closed at 49 on Monday vs 38 on
Friday.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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