China's central bank says will skip OMOs on Thursday

By Kitco News / January 31, 2018 / www.kitco.com / Article Link

SHANGHAI, Feb 1 (Reuters) - China's central bank said it will skip open market operations for the sixth straight trading day on Thursday as liquidity levels in the banking system were "relatively high".

On a net basis, the People's Bank of China (PBOC) will drain 80 billion yuan ($12.73 billion) from the money market for the day, equal to the amount of reverse repos due to mature on Thursday.

The PBOC drained a net 320 billion yuan from the money market last week.($1 = 6.2841 Chinese yuan)


(Reporting by the Shanghai Newsroom)

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.

Recent News

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com

Huge quantifiable rise in geopolitical, economic and trade risks

June 23, 2025 / www.canadianminingreport.com

Platinum clearly ahead of palladium for first time in seven years

June 16, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok