Date
19 August 2017

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]

MY/AC/SK

 

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