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MNI: PBOC Net Drains CNY160 Billion via OMOs

MNI (London)
     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations for the third trading day on Wednesday, resulting in a net drain of
CNY160 billion as the same amount of reverse repos matured, according to Wind
Information.
- However, the PBOC injected a total of CNY267.4 billion one-year targeted
medium-term lending facility (TMLF), with an interest rate of 3.15%, according
to the PBOC.
- The 7-day weighted average interbank repo rate for depository institutions
(DR007) fell to 2.7000% at 10:14 am local time from the close of 2.7510% on
Tuesday: Wind Information.
- The CFETS-NEX money-market sentiment index closed at 51 on Tuesday vs 60 on
Monday.
--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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