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MNI: PBOC Skips Its OMOs; Drains Net CNY20 Bln

     BEIJING (MNI) - The People's Bank of China skipped its open market
operations on Monday, stating on its website that a relatively high level of
liquidity can absorb maturing reverse repos. That resulted in a net drain of
CNY20 billion, as CNY20 billion in reverse repos matured today, according to the
PBOC.
  - CFETS-ICAP's money-market sentiment index closed at 39 on Friday, up from 33
on Thursday;
  - Benchmark 7-day deposit repo average fell to 2.6707% on Monday from 3.0106%
on Friday: Wind Information. 
--MNI Beijing Bureau; +86 (10) 8532-5998; email: sherry.qin@marketnews.com
--MNI Beijing Bureau; +86-10-8532-5998; email: beijing@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]

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