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MNI: PBOC Net Drains CNY170 Billion via OMOs

     BEIJING (MNI) - The People's Bank of China (PBOC) injected CNY70 billion
via 7-day reverse repos with the rate unchanged at 2.2% on Thursday. This
resulted in a net drain of CNY170 billion given the maturity of CNY240 billion
of reverse repos, according to Wind Information.
- The operation aims to offset the maturity of reverse repos and the impact of
government bond issuances, the PBOC said in a statement on its website.
- The 7-day weighted average interbank repo rate for depository institutions
(DR007) rose to 2.0724% at 09:56 am local time from the close of 1.9597% on
Wednesday: Wind Information. 
     - The CFETS-NEX money-market sentiment index closed at 32 on Wednesday vs
55 on Tuesday. A higher index indicates increased market expectations for
tighter liquidity.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: archie.zhang@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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