24 June 2019

PBoC suspends Tuesday open market operations

The People’s Bank of China (PBoC) refrained from its regular open market operations on Tuesday, the last trading day of 2013. It halted the operation after selling 29 billion yuan (US$4.78 billion) worth of seven-day reverse repurchase agreements last Tuesday, according to PBoC data. The central bank is effectively draining a net 29 billion yuan from the interbank market this week.

– Contact HKEJ at [email protected]



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