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PBOC Injects Net CNY60 Billion In OMOs Friday

     BEIJING (MNI) - The People's Bank of China injected CNY50 billion in
seven-day reverse repos and CNY30 billion in 14-day reverse repos via
open-market operations Friday, Wind Information, a Shanghai-based financial data
provider, said.
     This resulted in a net injection of CNY60 billion for the day, as a total
of CNY20 billion in reverse repos mature on Friday. 
     Today is the fourth consecutive trading day that the PBOC has injected
liquidity into the banking system.
     The CFETS-ICAP money-market sentiment index ended at 38 on Thursday, down
slightly from 42 at Wednesday'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 2.6727%, compared with
2.8530% on Thursday.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@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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