19 September 2018

PBoC refrains from open market operation Thursday

The People’s Bank of China (PBoC) refrained from any open market operation Thursday, after selling 8 billion yuan (US$1.31 billion) of reverse repurchase agreements on Tuesday. As there are 13 billion yuan of reverse repos maturing this week, the central bank is effectively draining a net 5 billion yuan from the interbank market this week.

– Contact HKEJ at [email protected]



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