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MNI: PBOC Net Injects CNY50 Bln Via OMOs

MNI (London)
     BEIJING (MNI) - The People's Bank of China (PBOC) injected CNY30 billion
via seven-day reverse repos, and CNY20 billion through 14-day reverse repos
Friday, adding liquidity for a fifth straight trading day. It resulted in a net
liquidity injection of CNY50 billion, as no reverse repos mature today,
according to Wind Information.
- The central bank said this is to partly offset the maturity of treasury's cash
deposit at commercial banks and other factors. 
- The 7-day weighted average interbank repo average rate for depository
institutions (DR007) fell to 2.6156% at 1017 local time from the close of 2.6374
on Thursday, according to Wind Information.
- The CFETS-NEX money-market sentiment index closed at 34 on Thursday, down from
the close of 38 on Wednesday.
--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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