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MNI: PBOC Net Drains CNY100 Bln Via OMOs

     BEIJING (MNI) - The PBOC skipped open market operations on Monday,
resulting in a net drain of CNY100 billion in liquidity as the same amount of
reverse repos matured today, according to Wind Information. The central bank
said liquidity in the banking system is at a relatively high level to absorb the
impacts of reverse repo maturities and reserve requirement ratio pressure on
financial institutions.
  - This is the fourth straight trading day the PBOC has skipped OMOs; 
  - Monday is the seventh consecutive trading day the central bank has net
drained liquidity;
  - CFETS-ICAP's money-market sentiment index closed at 51 on Sept 30, the last
trading day, up from 44 on Sept 29;
  - Benchmark 7-day deposit repo average dropped to 2.6445% on Monday from
2.7975% on September 30: Wind Information. 
--MNI Beijing Bureau; +86 (10) 8532-5998; email:
--MNI Beijing Bureau; +86-10-8532-5998; email:
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]

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