Central Bank Suspends Open Market Operations for Tenth Consecutive Day

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The People’s Bank of China refrained from open ┬ámarket operations for the tenth consecutive trading session on Wednesday 7 February.

The Chinese central bank’s want of OMO let to a net withdrawal of 100 billion yuan (USD$15.98 billion) from China’s money market, due to the maturation of an equivalent volume of reverse repos.

On the same date PBOC said that it engaged in 120 billion yuan in central treasury cash management operations through time deposits with commercial banks, and that overall liquidity in the banking system was quite high.

 

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