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PBOC Skipped OMO on Monday; Drained Net CNY180 Bln 

     BEIJING (MNI) - The People's Bank of China skipped its open-market
operations on Monday, the central bank announced. 
     This resulted in a net drain of CNY180 billion for the day, as a total of
CNY180 billion in reverse repos mature on Monday. 
     The PBOC said in a statement that interbank market liquidity remains at a
"relatively high level" that will offset the impact of expiring reverse repos. 
     The PBOC drained a net CNY360 billion via its open market operations the
week before the week-long National Day holiday. 
     A total of CNY320 billion in reverse repo and CNY84 billion in Medium-term
Lending Facility instruments will mature this week.
     The CFETS-ICAP money-market sentiment index ended at 77 on Saturday, Sept.
30 -- the last trading day before the holiday and the end of both the month and
the quarter -- up sharply from 47 at Friday, Sep. 29's close. The lower the
reading the better the liquidity conditions in the interbank market.
     The benchmark seven-day repo average was last at 2.6500%, compared with
3.1622% on Sept.30.
--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$MM$]
China Market NewsPolicy NewsPBOCAPACChinaJapanAustraliaNew ZealandRegionCentral Bank News
China Market NewsPolicy NewsPBOCAPACChinaJapanAustraliaNew ZealandRegionCentral Bank News
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