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Why PBOC Suspends Open Market Operations for Four Consecutive Days?

iconSep 5, 2017 11:16
Source:SMM
The People's Bank of China (PBOC) has suspended open market operations for four days in a row and withdrew a net 70 billion yuan today.

SHANGHAI, Sept. 5 (SMM) – The People's Bank of China (PBOC) has suspended open market operations for four days in a row and withdrew a net 70 billion yuan today.

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A total of 70 billion yuan of reverse repos matured on Tuesday. 

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Current liquidity in banking system is high enough to absorb impact from expiration of reverse repos and other factors, the PBOC explained. 

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