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MNI: PBOC Skips OMO, Net Drains CNY110 Billion

     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations (OMOs) for a fifth day on Friday. This resulted in a net drain of
CNY110 billion as the same amount of reverse repos matures today, according to
MNI's calculations. 
- The PBOC has net drained a total CNY410 billion; 
- The central bank said the current liquidity in the banking system is at a
relatively high level; 
- 7-day weighted average interbank repo average rate for depository institutions
(DR007) increased to 2.5285% at 10:20 a.m. local time from the close of 2.4833%
on Thursday: Wind Information; 
- CFETS-NEX money-market sentiment index closed at 42 on Thursday vs 40 on
Wednesday .
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]

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