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MNI: PBOC Skips OMOs; Drains Net CNY370 Bln This Week

     BEIJING (MNI) - The People's Bank of China (PBOC) skipped its open market
operations (OMO) for the fourth consecutive day on Friday, stating on its
website that a relatively high level of liquidity can absorb maturing reverse
repos. No reverse repos matured today, according to the PBOC.
  - The PBOC drained a total of CNY370 billion in reverse repos this week;
  - CFETS-ICAP's money-market sentiment index closed at 30 on Thursday, down
from 32 on Wednesday;
  - Benchmark 7-day deposit repo average rose to 2.6500% on Friday from 2.6338%
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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