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MNI: PBOC Skips OMO, Liquidity Unchanged

MNI (London)
     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations (OMOs) for a 22nd straight trading day on Monday, leaving liquidity
unchanged, as no reverse repos mature today, according to Wind Information. 
The central bank said the increasing fiscal expenditure by the end of the month
can offset maturing Treasury cash deposits at commercial banks and other
factors.
- The 7-day weighted average interbank repo average rate for depository
institutions (DR007) rose to 2.6437% 0953 local time from the 2.5741% close
Friday: Wind Information;
- The CFETS-NEX money-market sentiment index closed at 36 on Friday, down from
37 on Thursday.
--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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