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MNI: PBOC Skips OMO, Net Drains CNY80 Billion

     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations (OMOs) on Tuesday. This resulted in a net drain of CNY80 billion
given the same amount of reverse repos matured, according to Wind Information.
- The PBOC injected CNY200 billion via one-year medium-term lending facility
(MLF) on the same day, according to a statement on its website. The injection is
CNY65 billion less than the CNY265 billion of MLF maturing today. The MLF rate
is unchanged at 3.3%, the statement said.
- The 7-day weighted average interbank repo rate for depository institutions
(DR007) rose to 2.6351% at 0958 local time from the close of 2.5859% on Monday:
Wind Information.
- The CFETS-NEX money-market sentiment index closed at 48 on Monday vs 40 on
last Thursday.
--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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