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MNI: PBOC Net Drains CNY20 Billion via OMOs

     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations for the third day on Friday, resulting in a net drain of CNY20
billion as reverse repos matured, according to Wind Information.
- Total liquidity in the banking system is at a reasonable and ample level, said
the PBOC. 
- The PBOC has injected net CNY90 billion of liquidity via reverse repo this
week, Wind Information said.
- The 7-day weighted average interbank repo rate for depository institutions
(DR007) fell to 2.6500% at 0938 local time from the close of 2.6814% on
Thursday: Wind Information.
- The CFETS-NEX money-market sentiment index closed at 49 on Thursday vs 46 on
Wednesday.
--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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