The People’s Bank of China (PBoC) again suspended its regular open market operations on Thursday. The central bank hasn’t sold any bills, repurchase agreements (repos) or reverse repos in the interbank market since putting them on hold last Thursday, PBoC data showed. With a combined 58 billion yuan (US$9.5 billion) worth of reverse repos maturing, the central bank has drained a net 58 billion yuan from the financial system this week. The PBoC may continue to halt bill and repo sales in the following weeks due to the rising trade surplus and capital inflows in recent months, news portal 163.com quoted an analyst as saying.
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