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PBOC Injects Net CNY20 billion In OMOs Thursday

     BEIJING (MNI) - The People's Bank of China injected CNY60 billion in
seven-day reverse repos via open-market operations Thursday, Wind Information, a
Shanghai-based financial data provider, said.
     This resulted in a net injection of CNY20 billion in the interbank market,
as a total of CNY40 billion in reverse repos mature Thursday. 
     The CFETS-ICAP money-market sentiment index ended at 40 on Wednesday, down
from 43 at Tuesday's close. The lower the reading the better the liquidity
conditions in the interbank market. Traders said that the PBOC's operations are
mainly to offset the repos maturing today so that liquidity would be maintained
in a tight and balance level. 
     The PBOC is expected to make an official announcement on its website about
this morning's OMOs around 9:45a.m. Beijing time.
     The benchmark seven-day repo average was last at 2.6587%, compared with
2.8405% on Wednesday.
--MNI Beijing Bureau; +86 (10) 8532 5998; email: marissa.wang@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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