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PBOC Injected CNY240 Bln on Monday; Liquidity Level Unchanged

     BEIJING (MNI) - The People's Bank of China injected CNY160 billion in
seven-day reverse repos and CNY80 billion in 14-day reverse repos via
open-market operations Monday, Wind Information, a Shanghai-based financial data
provider, said.
     This resulted in a net zero injection/drain for the day, as a total of
CNY240 billion in reverse repos mature on the day.
     The CFETS-ICAP money-market sentiment index ended at 45 on Friday - down
from 55 at Thursday'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 2.6753%, compared with
2.8543% on Friday.
--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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