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MNI: PBOC Net Injects CNY150 Bln Via OMOs

MNI (London)
     BEIJING (MNI) - The People's Bank of China (PBOC) injected CNY120 billion
via seven-day reverse repos, and CNY30 billion through 14-day reverse repos
Thursday, adding liquidity for a fourth straight trading day. It resulted in a
net injection of CNY150 billion in liquidity, as no reverse repos mature today,
according to Wind Information.
- The central bank said this is to offset the issuance of government bonds and
other factors, and keep the liquidity in the banking system at a reasonable and
ample level.
- The 7-day weighted average interbank repo average rate for depository
institutions (DR007) fell to 2.6489% at 1009 local time from the close of 2.6726
on Wednesday, according to Wind Information.
- The CFETS-NEX money-market sentiment index closed at 38 on Wednesday, down
from the close of 40 on Tuesday.
--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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