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MNI: PBOC Skips OMOs, Liquidity Unchanged

MNI (London)
     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations (OMOs) for a fourth straight day Friday, leaving liquidity unchanged
as no reverse repos matured, according to Wind Information.
     - The PBOC said the liquidity in the banking system is at a reasonable and
ample level, after conducting CNY100 billion of Treasury cash deposits at
commercial banks to offset maturing reverse repos, the PBOC said.
     - The 7-day weighted average interbank repo rate for depository
institutions (DR007) rose to 2.6483% at 0935 local time from the close of
2.6350% on Thursday: Wind Information.
- The CFETS-NEX money-market sentiment index closed at 43 on Thursday vs 56 on
Wednesday.
--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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