21 March 2019

Central bank halts repo sales for full week

The People’s Bank of China suspended its regular open market operations this week after selling 18 billion yuan (US$2.95 billion) worth of reverse repurchase agreements (repos) on Dec. 3. The central bank conducts open market operations on Tuesdays and Thursdays and it is the first time since mid-October that it has halted them for a full week. About 37 billion yuan of reverse repos are due this week, central bank data shows.

– Contact HKEJ at [email protected]



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