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MNI: PBOC Skips OMO, Liquidity Unchanged

     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations (OMOs) on Tuesday, leaving liquidity unchanged as no reverse repos
matured, according to Wind Information.
- The PBOC today reduced the reserve requirement ratio by one percentage point
for city commercial banks operating in provincial administrative areas, a move
which is expected to release CNY40 billion of long-term funds, according to a
statement on the PBOC website.
- The total liquidity in the banking system is reasonable and ample, the PBOC
said.
- The 7-day weighted average interbank repo rate for depository institutions
(DR007) rose to 2.6552% at 0926 local time from the close of 2.6523% on Monday:
Wind Information.
- The CFETS-NEX money-market sentiment index closed at 53 on Monday vs 41 on
Saturday.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]

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