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MNI: PBOC Skips Open Market Operation; Drains CNY10 Billion

     BEIJING (MNI) - The PBOC skipped OMO on Wednesday, stating that the
increasing fiscal expenditure towards month-end can absorb the impact of
maturing reverse repos and keep liquidity condition at a "reasonable and stable"
level.
- This resulted in a net drain of CNY10 billion after maturity of the same
amount of reverse repos;
- CFETS-ICAP's money-market sentiment index closed at 43 on Tuesday, down from
46 on Monday. 
- Benchmark 7-day deposit repo average fell to 2.6540% on Wednesday from 2.8578%
on Tuesday: Wind Information. 
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI Singapore Bureau; +65 8233 2326; email: Asia-Editor@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]

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