Date
19 August 2017

Central bank halts Thursday repo sales

The People’s Bank of China suspended its regular open market operation Thursday after offering 18 billion yuan (US$2.95 billion) worth of reverse repurchase agreements (repos) on Tuesday. It drained a net 47 billion yuan from the financial system this week, with about 65 billion yuan of reverse repos maturing this week, central bank data shows.

– Contact HKEJ at digest@ejinsight.com

MY/AC/SK

 

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