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.

MENAFN2204201900450000ID1098421631


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.