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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 third day on Friday, leaving liquidity unchanged, according
to Wind Information. 
     - Total liquidity in the banking system is relatively high, the PBOC said.
     - The PBOC has drained a net of CNY280 billion this week.
     - The 7-day weighted average interbank repo rate for depository
institutions (DR007) rose to 2.4000% at 9:42 a.m. local time from the weighted
average of 2.1125% on Thursday: Wind Information.
--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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