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MNI: PBOC Net Drains CNY150 Billion via OMOs

     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations (OMOs) for a sixth day on Monday. This results in a net drain of
CNY150 billion as the same amount of reverse repos matured, according to Wind
Information.
- Total liquidity in the banking system is at a relatively high level, enough to
offset the maturity of reverse repos and government bond issuance, according to
the PBOC.
- The 7-day weighted average interbank repo rate for depository institutions
(DR007) fell to 2.5122% at 0941 am local time from the close of 2.5636% Friday:
Wind Information.
- The CFETS-NEX money-market sentiment index closed at 43 on Friday, vs 39 on
Thursday.
--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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