Date
23 October 2017

PBoC drains 450 bln yuan of liquidity this week

The People’s Bank of China (PBoC) drained 450 billion yuan (US$74.20 billion) from the financial market this week after sustained halts of reverse repurchases (repos), according to PBoC data. The central bank’s regular open-market operations have been halted since the sale of 150 billion yuan worth of reverse repos on Jan. 28.

– Contact HKEJ at [email protected]

MY/AC/SK

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