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MNI: PBOC Skips Open Market Operations; Drains CNY20 Billion

     BEIJING (MNI) - The PBOC skipped OMO on Friday, stating that the current
liquidity condition is at a "relatively high" level which can absorb the impact
of maturing reverse repos.
  - This resulted in a net drain of CNY20 billion as CNY20 billion reverse repos
matured today;
  - The PBOC has drained a total of CNY140 billion via its open market
operations this week;
  - CFETS-ICAP's money-market sentiment index closed at 39 on Thursday, up from
35 on Wednesday; 
  - Benchmark 7-day deposit repo average fell to 2.6513% on Friday from 2.6797%
on Thursday: 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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