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MNI: PBOC Skips OMOs; Drains CNY100 Bln

     BEIJING (MNI) - PBOC skipped its open market operations on Tuesday, citing
current liquidity conditions' "relatively high" level, which can absorb the
impact of maturing reverse repos. 
     It resulted in a net drain of CNY100 billion, as a total of CNY100 billion
in reverse repos matures today. 
  - CFETS-ICAP's money-market sentiment index closed at 34 on Wednesday,
slightly down from 36 on Tuesday.
  - Benchmark 7-day deposit repo average fell to 2.6657% today from 2.8460% on
Wednesday: Wind Information. 
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@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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