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MNI: PBOC Net Injects CNY560 Billion

MNI (London)
     BEIJING (MNI) - The People's Bank of China (PBOC) Wednesday injected CNY350
billion via 7-day reverse repos, and CNY220 billion through 28-day reverse
repos, adding liquidity for a third day. 
- It resulted in a net injection of CNY560 billion given the maturity of CNY10
billion reverse repos today, according to Wind Information.
- The PBOC said it is currently the peak of tax season and total liquidity in
the banking system is falling rapidly. 
- 7-day weighted average interbank repo average rate for depository institutions
(DR007) rose to 2.6476% at 0956 local time from the close of 2.6463% on Tuesday:
Wind Information.
- CFETS-NEX money-market sentiment index closed at 35 on Tuesday vs 40 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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