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MNI: PBOC Net Drains CNY80 Billion via OMOs

MNI (London)
     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations for the fourth trading day on Thursday, resulting in a net drain of
CNY80 billion, the amount of reverse repos maturing, according to Wind
Information.
- Total liquidity at the banking system is at a reasonable and ample level,
according to the PBOC.
- The 7-day weighted average interbank repo rate for depository institutions
(DR007) fell to 2.7500% at 0939 local time from the close of 2.8241% on
Wednesday: Wind Information.
- The CFETS-NEX money-market sentiment index closed at 47 on Wednesday vs 51
Tuesday.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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