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MNI: PBOC Skips OMOs Monday; Drains CNY140 Billion

     BEIJING (MNI) - PBOC skipped its Open Market Operations (OMO) on Monday,
stating that the orderly use of Contingent Reserve Allowances (CRA) and fiscal
expenditure can absorb the effects of maturing reverse repos and cash
withdrawals.
- Net drain of CNY140 billion today after same amount of reverse repos mature  
- A total of CNY760 billion in reverse repos will mature this week  
- CFETS-ICAP money-market sentiment index ended at 35 on Friday, down from 40 at
Thursday's close  
- Benchmark 7-day deposit repo average fell to 2.6524% from 2.9194% on Friday.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@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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