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MNI: PBOC Skips OMOs After Net Drain For Three Trading Days

MNI (Singapore)
     BEIJING (MNI) - The PBOC skipped open market operations on Monday, after
draining for three trading days in a row, citing "reasonable and ample"
liquidity within banks. There is no change in liquidity today with the absence
of maturing reverse repos, according to Wind Information. 
     - CFETS-ICAP money-market sentiment index closed at 35 last Friday, down
from 36 on Thursday;
     - Benchmark seven-day deposit repo average rose to 2.6368% on Monday from
2.4767% last Friday: Wind Information. 
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com
--MNI Beijing Bureau; +86-10-8532-5998; email: beijing@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]

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