Date
24 April 2018

PBoC continues to halt to bill, repo sales

The People’s Bank of China suspended its regular open market operations on Tuesday, refraining from injecting liquidity into or absorbing it from the market. The central bank hasn’t sold any bills, repurchase agreements (repos) or reverse repos since putting them on hold last Thursday, according to central bank data. A total of 58 billion yuan (US$9.5 billion) of reverse repos will mature this week, which will reduce funds in the financial system.

– Contact HKEJ at [email protected]

YL/AC/SK

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