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MNI: PBOC Skips OMOs; Drains Net CNY20 Bln

     BEIJING (MNI) - The central bank skipped open market operations (OMO) on
Wednesday, stating on its website that a relatively high level of liquidity can
absorb maturing reverse repos. That resulted in a net drain of CNY20 billion, as
the same amount of reverse repos matured today.
  - CFETS-ICAP's money-market sentiment index closed at 29 on Tuesday, down from
32 on Monday;
  - Benchmark 7-day deposit repo average rose to 2.6277% on Wednesday from
2.6152% on Tuesday: Wind Information. 
--MNI Beijing Bureau; +86 (10) 8532-5998; email: sherry.qin@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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