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MNI: PBOC Net Injects CNY30 Billion via OMOs

     BEIJING (MNI) - The People's Bank of China (PBOC) injected CNY60 billion
via 7-day reverse repos on Thursday, adding liquidity for a ninth consecutive
day. This resulted in a net injection of CNY30 billion given the maturity of
CNY30 billion in reverse repos, according to Wind Information.
- The injection aims to offset the issuance of local government bonds, the PBOC
said.
- The 7-day weighted average interbank repo rate for depository institutions
(DR007) fell to 2.6356% at 0950 local time from the close of 2.6469% on
Wednesday: Wind Information.
- The CFETS-NEX money-market sentiment index closed at 49 on Wednesday vs 39 on
Tuesday.
--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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