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MNI: PBOC Net Drains CNY60 Billion by OMOs

MNI (Singapore)
     BEIJING (MNI) - The People's Bank of China (PBOC) on Wednesday skipped open
market operations, resulting in a net drain of CNY60 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) rose to 2.6226% at 0945 local time from the close of
2.5312% on Tuesday: Wind Information.
- CFETS-NEX money-market sentiment index closed at 37 on Tuesday vs 36 on
Monday.
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@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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