25 September 2018

PBoC drains 15 bln yuan from interbank market

The People’s Bank of China has drained a net 15 billion yuan (US$2.47 billion) from the interbank market this week, abstaining from its regular open market operations Thursday. The central bank offered 9 billion yuan of reverse repurchase agreements on Tuesday. On Monday, it renewed 10 billion yuan worth of central bank bills. Net drains have been seen for three consecutive weeks since late October.

– Contact HKEJ at [email protected]



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