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MNI: PBOC Net Drains CNY110 Bln Via OMOs

     BEIJING (MNI) - The PBOC skipped open market operations on Friday,
resulting in net drain of CNY110 billion in liquidity as that amount of reverse
repos matured today, according to a statement on the PBOC website. The PBOC said
month-end fiscal spending and government deposit into the banking system would
offset liquidity drain due to local government bond issuance and reverse repo
maturities.
  - The PBOC so far this week has injected CNY6 billion via OMO and CNY265
billion in MLF;
  - CFETS-ICAP's money-market sentiment index closed at 41 on Thursday, down
from 49 on Wednesday;
  - Benchmark 7-day deposit repo average rose to 2.6481% on Friday from 2.6469%
on Thursday: Wind Information. 
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@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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