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)

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