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PBOC Injects CNY120 Bln at OMOs Wednesday; Liquidity Unchanged

     BEIJING (MNI) - The People's Bank of China injected CNY90 billion in
seven-day reverse repos and CNY30 billion in 14-day reverse repos via
open-market operations Wednesday, Wind Information, a Shanghai-based financial
data provider, said.
     This resulted in a net zero injection/drain for the day. A total of CNY120
billion in reverse repos matures Wednesday.
     This is the third consecutive trading day that the PBOC didn't change
liquidity.
     The CFETS-ICAP money-market sentiment index ended at 43 Tuesday from 66 at
Monday's close. The lower the reading the better liquidity in the interbank
market.
     The PBOC is expected to make an official announcement on its website about
Wednesday's OMOs at approximately 9:45 a.m. Beijing time.
     The benchmark seven-day repo average was last at 2.6591% compared with
2.9411% Tuesday.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
[TOPICS: MMQPB$,M$A$$$,M$Q$$$,MN$MM$]

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