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MNI: PBOC Skips Its OMOs; Drains Net CNY60 Bln

     BEIJING (MNI) - The People's Bank of China (PBOC) skipped its open market
operations (OMO) on Wednesday, stating on its website that a relatively high
level of liquidity can absorb maturing reverse repos. That resulted in a net
drain of CNY60 billion, as the same amount of reverse repos matured today,
according to the PBOC.
  - CFETS-ICAP's money-market sentiment index closed at 37 on Tuesday, remaining
unchanged from Monday;
  - Benchmark 7-day deposit repo average rose to 2.6551% on Wednesday from
2.6274% on Tuesday: Wind Information. 
--MNI Beijing Bureau; +86 (10) 8532-5998; email: sherry.qin@marketnews.com
--MNI Singapore Bureau; +65 8233 2326; email: Asia-Editor@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]

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