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PBOC Injects CNY60 Bln In OMOs Thursday; Liquidity Unchanged

     BEIJING (MNI) - The People's Bank of China injected CNY40 billion in
seven-day reverse repos and CNY20 billion in 28-day reverse repos via
open-market operations Thursday, Wind Information, a Shanghai-based financial
data provider, said.
     This resulted in no net injection or drain of liquidity for the day, as a
total of CNY60 billion in reverse repos mature on Thursday. 
     The CFETS-ICAP money-market sentiment index ended at 44 on Wednesday - down
from 48 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 2.7048%, compared with
2.9426% 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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