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PBOC Drains Net CNY40 Billion In OMOs Thursday

     BEIJING (MNI) - The People's Bank of China injected CNY20 billion in
seven-day reverse repos via open-market operations Thursday, Wind Information, a
Shanghai-based financial data provider, said.
     This resulted in a net CNY40 billion drain for the day, as a total of CNY60
billion in reverse repos mature on Thursday. 
     The CFETS-ICAP money-market sentiment index ended at 42 on Wednesday,
barely changed from 41 at Tuesday's close. The lower the reading the better the
liquidity conditions in the interbank market.
     The PBOC is expected to make an official announcement on its official
website about this morning's OMO around 9:45a.m., Beijing time.
     The benchmark seven-day repo average was last at 2.6585%, compared with
2.8939% on Wednesday.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI BEIJING Bureau; +1 202-371-2121; email: john.carter@mni-news.com
[TOPICS: MMQPB$,M$A$$$,M$Q$$$,MN$MM$]

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