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PBOC Injects Net CNY100 Billion In OMOs Thursday

     BEIJING (MNI) - The People's Bank of China injected CNY80 billion in
seven-day reverse repos and CNY60 billion in 14-day reverse repos via
open-market operations Thursday, Wind Information, a Shanghai-based financial
data provider, said.
     This resulted in a net injection of CNY100 billion for the day, as a total
of CNY40 billion in reverse repos mature on Thursday. 
     Today is the third consecutive trading day that the PBOC has injected
liquidity into the banking system.
     The CFETS-ICAP money-market sentiment index ended at 42 on Wednesday, up
slightly 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 2.6588%, compared with
2.8711% 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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