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MNI: PBOC Net Injects CNY250 Billion via OMOs

MNI (London)
     BEIJING (MNI) - The People's Bank of China (PBOC) injected CNY270 billion
via 7-day reverse repos on Wednesday, resulting in a net injection of CNY250
billion given that CNY20 billion of reverse repos matured today, according to
Wind Information.
- This is to keep the liquidity in the banking system at a reasonable and ample
level, the PBOC said.
- The 7-day weighted average interbank repo average rate for depository
institutions (DR007) rose to 2.9000% at 0955 local time from the close of
2.8643% on Tuesday: Wind Information. 
- The CFETS-NEX money-market sentiment index closed at 40 on Tuesday vs 47 on
Monday.
--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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