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MNI: PBOC Net Drains CNY20 Billion via OMOs

MNI (London)
     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations for the fourth trading day on Tuesday, resulting in a net drain of
CNY20 billion with the same amount of reverse repos maturing, according to Wind
Information.
- The PBOC has injected a total of CNY200 billion via one-year medium-term
lending facilities (MLFs) today, CNY44 billion more than the CNY156 billion of
maturing, according to the PBOC website. This aims to offset the impact of the
tax season, the PBOC said.
- The 7-day weighted average interbank repo rate for depository institutions
(DR007) fell to 2.5000% at 10:07 am local time from the close of 2.5070% on
Monday: Wind Information.
- The CFETS-NEX money-market sentiment index closed at 44 on Monday, flat from
the close of Friday.
--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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