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MNI: PBOC Net Drains CNY90 Billion after OMOs

     BEIJING (MNI) - The People's Bank of China (PBOC) injected CNY40 billion by
7-day reverse repos, and CNY20 billion by 14-day reverse repos on Thursday, a
13th trading day that the central bank has added liquidity by open market
operations(OMOs). 
- The result is a net drain of CNY90 billion after the maturity of CNY150
billion of reverse repos, according to Wind Information. 
- The PBOC said today's OMO is to offset the maturity of reverse repo, the
issuance of government bonds and other factors. 
- 7-day weighted average interbank repo average rate for depository institutions
(DR007) increased to 2.5501% at 10:07 a.m. local time from the close of 2.4679%
on Wednesday: Wind Information. 
- CFETS-NEX money-market sentiment index closed at 29 on Wednesday vs 30 on
Saturday.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]

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