Date
18 October 2017

PBoC skips open market operations, website reports

The People’s Bank of China (PBoC) skipped its regular open-market operations on Tuesday, declining to add short-term funding to the interbank market for a second straight week, news website jrj.com.cn reported. The central bank also refrained from conducting open-market operations last week, resulting in a net drain of 29 billion yuan (US$4.79 billion) from the market, the report said.

– Contact HKEJ at [email protected]

EL/AC/CG

 

 

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