SHANGHAI, Jan 29 (Reuters) - China's central bank said it will skip open market operations for the third straight trading day on Monday as liquidity levels in the banking system were "appropriate and stable".
On a net basis, the People's Bank of China (PBOC) will drain 140 billion yuan ($22.15 billion) from the money market for the day, equal to the amount of reverse repos due to mature on Monday.
The PBOC drained a net 320 billion yuan from the money market last week.($1 = 6.3199 Chinese yuan)
(Reporting by the Shanghai Newsroom; Editing by Sam Holmes)
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