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MNI: PBOC Skips OMOs; Liquidity Condition Unchanged

     BEIJING (MNI) - PBOC skipped its open market operations (OMO) on Wednesday,
for the second consecutive day. The central bank stated on its website that the
liquidity in the banking system is at a "relatively high" level as fiscal
expenses are strong at the end of the month. 
  - Liquidity conditions remain unchanged as no reverse repo matures today 
  - CFETS-ICAP's money-market sentiment index closed at 46 on Tuesday, up from
41 at Monday's close 
  - Benchmark 7-day deposit repo average fell to 2.6814% today from 2.8984% on
Tuesday: Wind Information.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@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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