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MNI: PBOC Net Injects CNY120 Billion by OMOs

MNI (London)
     BEIJING (MNI) - The People's Bank of China (PBOC) Tuesday injected CNY120
billion via 7-day reverse repos, resulting in a net injection of CNY120 billion
as no reverse repos mature, according to Wind Information.
--Today's injection aims to offset tax collection impact, postponed due to the
Chinese New Year, the PBOC said.
--The 7-day weighted average interbank repo average rate for depository
institutions (DR007) rose to 3.0000% at 0953 local time from the close of
2.6675% on Monday: Wind Information. 
--CFETS-NEX money-market sentiment index closed at 61 on Monday vs 42 on Friday.
--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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