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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 with
rates unchanged on Monday. This resulted in a net injection of CNY120 billion as
no reverse repos matured today, according to Wind Information.
     - The operations aim to maintain stable liquidity at the end of the half
year, the PBOC said on its website.
     - The 7-day weighted average interbank repo rate for depository
institutions (DR007) rose to 2.1600% at 09:30 local time from the close of
2.1340% on Friday: Wind Information.
     - The CFETS-NEX money-market sentiment index closed at 40 on Friday vs 36
on Thursday. A higher index indicates increased market expectations for tighter
liquidity.
--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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