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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 on Tuesday, leaving liquidity unchanged as no reverse repos mature
today, according to Wind Information.
     -CNY50 Billion in Treasury's Deposits at commercial banks mature today,
draining the same amount of liquidity from the interbank market, according to
Wind. 
     - Total liquidity in the banking system is reasonable and ample, the PBOC
said.
     - The 7-day weighted average interbank repo rate for depository
institutions (DR007) increased to 2.5909% at 9:48 a.m. local time from the
weighted average of 2.4964% on Monday: Wind Information.
     - The CFETS-NEX money-market sentiment index closed at 48 on Monday,
decreasing from 49 of Friday. A lower index indicates lower market expectations
for tighter liquidity.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: archie.zhang@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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