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BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations on Wednesday, draining net CNY50 billion given the maturity of
reverse repos, according to Wind Information.
- Total liquidity in the banking system is relatively high with increased
fiscal spending at the end of the year, the PBOC said on its website.
- The 7-day weighted average interbank repo rate for depository
institutions (DR007) rose to 2.5616% at 09:46 a.m. local time from the close of
1.5515% on Tuesday: Wind Information.
- The CFETS-NEX money-market sentiment index closed at 34 on Tuesday, flat
from the close of Monday. A lower index indicates reduced market expectations
for tighter liquidity.
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