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PBOC skips open market operations to maintain stable liquidity
(MENAFN) The People's Bank of China, the country's central bank, hopped open market operations Monday to preserve steady liquidity in the banking system.
The People's Bank of China (PBOC) stated liquidity has been at a sensibly enough level.
The postponement came after injections of nearly USD2.98 billion and 80 billion yuan respectively, through seven-day reverse repos by the central bank on Friday and Thursday.
On Monday there is no reverse repo.
The People's Bank of China (PBOC) stated liquidity has been at a sensibly enough level.
The postponement came after injections of nearly USD2.98 billion and 80 billion yuan respectively, through seven-day reverse repos by the central bank on Friday and Thursday.
On Monday there is no reverse repo.
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