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MNI: PBOC Skips OMOs; Drains CNY40 Bln

     BEIJING (MNI) - PBOC skipped its Open Market Operation (OMO) on Friday,
saying on its website that the current liquidity level is "relatively high,"
which is able to absorb the impact of maturing reverse repo. The same wording
was used yesterday when OMO was also skipped.
- Today's inaction resulted in a net drain of CNY40 billion due to the maturity
of same amount of reverse repo.
- PBOC has drained total CNY240 billion via OMO this week;
- CFETS-ICAP's money-market sentiment index closed at 41 on Thursday, up from 34
on Wednesday. A higher index indicates tighter liquidity.                       
- Benchmark 7-day deposit repo average fell to 2.6573% on Friday from 2.7536% on
Thursday: Wind Information. 
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@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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