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MNI: PBOC Skips OMOs for Eighth Consecutive Day

     BEIJING (MNI) - The People's Bank of China (PBOC) skipped its open market
operations on Friday, stating on its website that month-end fiscal expenses are
enough to maintain liquidity in the banking system at a relatively high level.
The PBOC's inaction resulted in no change in liquidity, as no reverse repos
matured today, according to Wind Information.
- Today is the eighth day the PBOC has skipped OMO; 
- In total CNY170 billion liquidity were drained this week;
- CFETS-ICAP's money-market sentiment index closed at 31 on Thursday, down from
34 on Wednesday;
- Benchmark 7-day deposit repo average rose to 2.6500% on Friday from 2.6115% on
Thursday: Wind Information. 
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@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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