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MNI: PBOC Skips OMOs; Drains Net CNY30 Bln

     BEIJING (MNI) - The PBOC skipped its open market operations (OMO) on
Thursday, stating on its website that a relatively high level of liquidity can
absorb maturing reverse repos. 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 28 on Wednesday, down
from 29 on Tuesday;
  - Benchmark 7-day deposit repo average rose to 2.6500% on Thursday from
2.5675% on Wednesday: Wind Information. 
--MNI Beijing Bureau; +86 (10) 8532-5998; email: sherry.qin@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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