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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 (OMOs) on Monday. This resulted in a net drain of CNY20 billion given
the maturity of CNY20 billion in reverse repos, according to Wind Information.
- The PBOC injected CNY150 billion via one-year medium-term lending facility
(MLF) on the same day, according to a statement on its website. The injection is
CNY1 billion more than the amount of MLF maturing today, Wind Information said.
- The 7-day weighted average interbank repo rate for depository institutions
(DR007) rose to 2.6584% at 1017 local time from the close of 2.6427% on Friday:
Wind Information.
- The CFETS-NEX money-market sentiment index closed at 46 on Friday vs 47 on
--MNI Beijing Bureau; +86 (10) 8532-5998; email:
--MNI Sydney Bureau; +61 405322399; email:
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]

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