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MNI: PBOC Net Drains CNY90 Billion by OMOs

MNI (London)
     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations for a fifth consecutive day Friday, resulting in a net drain of CNY90
billion as that amount of reverse repos matured, according to Wind Information.
-- The PBOC said the total liquidity of the banking system is currently at a
reasonable and ample level, able to offset cash withdrawals, maturing reverse
repos, financial institutions' payment of reserve requirement and other factors.
-- The 7-day weighted average interbank repo average rate for depository
institutions (DR007) rose to 2.6500% at 0924 local time from the close of
2.1883% on Thursday: Wind Information.
-- CFETS-NEX money-market sentiment index closed at 33 on Thursday vs 32 on
Wednesday .
--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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