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MNI: PBOC Skips OMOs, Net Drains CNY10 Billion

MNI (London)
     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations (OMOs) for a fifth straight day Friday, resulting in a net drain of
CNY10 billion -- the total of reverse repos maturing today, according to Wind. 
- The PBOC drained a total CNY770 billion this week, Wind said.
- The central bank said the total liquidity in the banking system is at a
relatively high level, as the latest 0.5% reserve requirement ratio cut takes
effect.
- The 7-day weighted average interbank repo average rate for depository
institutions (DR007) increased to 2.6373% at 0934 local time from the close of
2.5715% on Thursday: Wind Information; 
- CFETS-NEX money-market sentiment index closed at 45 on Thursday vs 35 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$$$,M$Q$$$,M$$FI$,MGQ$$$,MN$MM$,MN$RP$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
China Market NewsPolicy NewsFiscalGovernment sectorAPACChinaJapanAustraliaNew ZealandRegion
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
China Market NewsPolicy NewsFiscalGovernment sectorAPACChinaJapanAustraliaNew ZealandRegion
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