MNI: PBOC Skips OMOs; Drains Net CNY30 Bln

     BEIJING (MNI) - The People's Bank of China (PBOC) skipped its open market

operations (OMO) on Tuesday, stating on its website that large fiscal

expenditure at the end of the month can offset the impact of maturing reverse

repos and maintain the liquidity at a high level. That resulted in a net drain

of CNY30 billion, as the same amount of reverse repos matured today, according

to the PBOC.

-CFETS-ICAP's money-market sentiment index closed at 32 on Monday, up from 29 on

last Friday;

-Benchmark 7-day deposit repo average rose to 2.6500% on Tuesday from 2.6238% on

Monday: 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$MM$]