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MNI: PBOC Net Injects CNY180 Bln Via OMOs

MNI (London)
     BEIJING (MNI) - The People's Bank of China (PBOC) injected CNY140 billion
via seven-day reverse repos, and CNY40 billion through 14-day reverse repos
Tuesday. It resulted in a net injection of CNY180 billion in liquidity, as no
reverse repos mature today, according to Wind Information.
- The central bank said this is to offset the impact of the taxation period 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 2.6662% at 0954 local time from the close of 2.7058
on Monday, according to Wind Information.
- The CFETS-NEX money-market sentiment index closed at 56 on Monday, up from the
close of 43 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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