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MNI: PBOC Skips OMOs Friday; Drains CNY270 Billion

     BEIJING (MNI) - PBOC skipped its Open Market Operations (OMO) on Friday,
stating that the liquidity is at a "relatively high" level which can absorb the
impact of maturing reverse repos.
- Net drain of CNY270 billion today after same amount of reverse repos mature   
- For this week, a net drain of CNY320 billion by OMOs, or CNY427 billion
accounting for maturing Medium-term Lending Facility (MLF) loans 
- CFETS-ICAP money-market sentiment index ended at 40 on Thursday, up from 38 at
Wednesday's close  
- Benchmark 7-day deposit repo average fell to 2.6500% from 2.9064% on Thursday.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@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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