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MNI: PBOC Net Drains CNY40 Billion via OMOs

     BEIJING (MNI) - The People's Bank of China (PBOC) injected CNY60 billion
via 7-day reverse repos on Wednesday, adding liquidity for an eighth consecutive
day. This resulted in a net drain of CNY40 billion given the maturity of CNY100
billion in reverse repos, according to Wind Information.
- The 7-day weighted average interbank repo rate for depository institutions
(DR007) fell to 2.6497% at 0950 local time from the close of 2.6635% on Tuesday:
Wind Information.
- The CFETS-NEX money-market sentiment index closed at 39 on Tuesday vs 49 on
Monday.
--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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