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PBOC Injects Net CNY112 Billion Via MLF Tues; Skips OMO

--Drains Net CNY28 Bln on Day Due Expiring MLFs, Reverse Repos
     BEIJING (MNI) - The People's Bank of China injected CNY399.5 billion in
one-year Medium-term Lending Facility (MLF) instruments, with rates unchanged at
3.2%, while skipping its open market operations on Tuesday, the central bank
announced on its website.
     The operations resulted in a net injection of CNY112 billion via MLF, as a
total of CNY287.5 of MLF instruments matured on Tuesday.
     Given a total of CNY140 billion in reverse repos matured on Tuesday, the
PBOC drained a net of CNY28 billion considering both the expiration of MLF and
reverse repos.
     The CFETS-ICAP money-market sentiment index ended at 48 on Monday - up from
36 at Friday's close. The lower the reading the better the liquidity conditions
in the interbank market.
     The benchmark seven-day repo average was last at 2.6955%, compared with
2.8933% on Monday.
--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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