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MNI: PBOC Skips OMOs, Liquidity Unchanged

MNI (London)
     BEIJING (MNI) - The People's Bank of China (PBOC) Thursday skipped open
market operations, leaving liquidity unchanged as no reverse repos mature,
according to Wind Information.
- The total liquidity in the banking system is at a relatively high level due to
increased fiscal expenditure at month-end, said the PBOC. 
- The 7-day weighted average interbank repo average rate for depository
institutions (DR007) fell to 2.6500% at 0920 local time from the close of
2.8030% on Wednesday: Wind Information.
- CFETS-NEX money-market sentiment index closed at 40 on Wednesday vs 51 on
Tuesday.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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