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MNI: PBOC Net Drains CNY30 Billion via OMOs

     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations (OMOs) for a tenth straight day on Friday, resulting in a net drain
of CNY30 billion as that amount of reverse repos matured, according to Wind
Information.
- Total liquidity in the banking system is at a relatively high level, enough to
offset the maturity of reverse repos, financial institutions' payments of
deposit reserve and government bond issuance, according to the PBOC.
- The 7-day weighted average interbank repo rate for depository institutions
(DR007) rose to 2.4571% at 0933 local time from the close of 1.9751% Thursday:
Wind Information.
- The CFETS-NEX money-market sentiment index closed at 50 on Thursday, vs 38 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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