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MNI: PBOC Net Injects CNY120 Billion via OMOs

     BEIJING (MNI) - The People's Bank of China (PBOC) injected CNY40 billion
via 7-day reverse repos as well as CNY80 billion via 14-day reverse repos on
Friday. This resulted in a net injection of CNY120 billion as no reverse repos
matured today, according to Wind Information.
- The injections aim to maintain stable liquidity at the end of the season, the
PBOC said.
- The 7-day weighted average interbank repo rate for depository institutions
(DR007) fell to 2.6813% at 0953 local time from the close of 2.7341% on
Thursday: Wind Information.
- The CFETS-NEX money-market sentiment index closed at 59 on Thursday vs 53 on
Wednesday.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]

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