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MNI: PBOC Skips OMOs; Drains Net CNY110 Bln

     BEIJING (MNI) - The People's Bank of China (PBOC) skipped its open market
operations (OMO) on Friday, stating on its website that a relatively high level
of liquidity can absorb maturing reverse repos. That resulted in a net drain of
CNY110 billion, as the same amount of reverse repos matured today, according to
the PBOC.
  - The PBOC has drained a net of CNY500 billion in reverse repos this week;
  - CFETS-ICAP's money-market sentiment index closed at 28 on Thursday, up from
26 on Wednesday;
  - Benchmark 7-day deposit repo average rose to 2.6250% on Friday from 2.5047%
on Thursday: Wind Information. 
--MNI Beijing Bureau; +86 (10) 8532-5998; email: sherry.qin@marketnews.com
--MNI Singapore Bureau; +65 8233 2326; email: Asia-Editor@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]

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