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MNI: PBOC Skips Open Market Operations; Drains CNY150 Bln

     BEIJING (MNI) - The People's Bank of China skipped Open Market Operations
on Wednesday, stating that the required reserve ratio cut will become effective
today and it will release liquidity to absorb the impacts of maturing reverse
repos. 
- Net drain of CNY150 billion as the same amount of reverse repos matured today,
said Wind Information.                                     
- CFETS-ICAP's money-market sentiment index closed at 76 on Tuesday, down from
81 on Monday; 
- Benchmark 7-day deposit repo average fell to 2.6528% on Wednesday from 3.0358%
on Tuesday: Wind Information. 
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]

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