China's central bank to skip OMOs for 12th day on Friday

By Kitco News / February 08, 2018 / www.kitco.com / Article Link

SHANGHAI, Feb 9 (Reuters) - China's central bank said it will skip open market operations for the 12th straight trading day on Friday as liquidity levels in the banking system were "relatively high".

On a net basis, the People's Bank of China (PBOC) will not inject nor drain any funds from the money market for the day, as there are no reverse repos due to mature on Thrusday.

The PBOC drained a net 760 billion yuan from the money market last week.


(Reporting by the Shanghai Newsroom; Editing by Kim Coghill)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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