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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 24th straight trading day Wednesday, leaving liquidity
unchanged as no reverse repos mature, according to Wind Information. The central
bank said increased month-end fiscal expenditure will push up total liquidity in
the banking system.
- The 7-day weighted average interbank repo average rate for depository
institutions (DR007) rose to 2.6542% at 0920 local time, edging up from the
2.6417% close Tuesday, Wind data showed.
- The CFETS-NEX money-market sentiment index closed at 36 on Tuesday, down from
52 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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