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MNI: PBOC Skips OMO, Liquidity Modestly Tighter On TCDs, Tax

MNI (London)
     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations (OMOs) on Thursday, leaving liquidity modestly tighter, as CNY120
billion of Treasury cash deposits at commercial banks maturing. No reverse repos
mature today, according to Wind Information. 
The central bank said the total liquidity in the banking system has declined due
to the taxation period, the maturing of Treasury cash deposits at commercial
banks and other factors, but was still at a reasonable and ample level.
- The 7-day weighted average interbank repo average rate for depository
institutions (DR007) rose to 2.6458% at 9:33 a.m. local time from the close of
2.6144% Wednesday: Wind Information;
- The CFETS-NEX money-market sentiment index closed at 33 on Wednesday, down
from 34 on Tuesday.
--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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