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MNI: PBOC Net Drains CNY40 Billion by OMOs

     BEIJING (MNI) - The People's Bank of China (PBOC) on Monday skipped open
market operations, resulting in a net drain of CNY40 billion due to the maturity
of reverse repos, according to Wind Information.
- The total liquidity in the banking system is high enough to offset the
maturity of reverse repos, said the PBOC. 
- The 7-day weighted average interbank repo average rate for depository
institutions (DR007) fell to 2.4000% at 0941 local time from the close of
2.4058% on Friday: Wind Information.
- CFETS-NEX money-market sentiment index closed at 33 on Friday vs 37 on
Thursday.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]

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