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MNI: PBOC Skips OMOs; Drains CNY40 Billion

     BEIJING (MNI) - PBOC skipped its Open Market Operations (OMO) on Monday,
stating on its website that the liquidity in the banking system is "relatively
high", which can absorb the effects of maturing reverse repos and cash
withdrawals - the same wording as given the previous two trading days.  
- Net drain of CNY40 billion today after same amount of reverse repos mature  
- A total of CNY220 billion in reverse repos will mature this week  
- CFETS-ICAP money-market sentiment index closed at 36 on Friday, slightly down
from 38 at Thursday's close  
- Benchmark 7-day deposit repo average fell to 2.6599% today from 2.7445% on
Friday.
--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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