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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 second day on Wednesday, leaving liquidity unchanged,
according to Wind Information. 
     - With the maturity of reverse repos, the short-term liquidity injected by
the central bank through open market operations after the Spring Festival has
largely been drained. Total liquidity in the banking system is at a reasonable
and ample level, the PBOC said on its website.
     - The 7-day weighted average interbank repo rate for depository
institutions (DR007) rose to 2.3802% at 9:27 a.m. local time from the weighted
average of 2.2073% on Tuesday: Wind Information.
     - The CFETS-NEX money-market sentiment index closed at 32 on Tuesday vs 38
on Monday. A lower index indicates decreased 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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