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MNI: PBOC Skips Open Market Operations; Liquidity Unchanged

     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations for the ninth day on Monday, leaving liquidity unchanged as no
reverse repos mature today, according to Wind Information. 
     - The total liquidity in the banking system is relatively high, the PBOC
said.
     - The 7-day weighted average interbank repo rate for depository
institutions (DR007) fell to 2.5602% at 9:37 a.m. local time from the weighted
average of 2.5765% on Friday: Wind Information.
     - The CFETS-NEX money-market sentiment index closed at 38 on Friday vs 37
on Thursday. A lower index indicates reduced market expectations for tighter
liquidity.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]

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