The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

China central bank to skip open market operations for 9th straight day

Published Wed, Jul 5, 2017 · 01:49 AM
Share this article.

[SHANGHAI] China's central bank said it will skip open market operations for the ninth day in a row on Wednesday, as liquidity levels in the banking system were "relatively high".

The People's Bank of China said in an online statement that the liquidity remained at relatively high levels after "countering reserves payment by financial institutions and maturing reverse repos".

Maturing reverse repos will drain a net 90 billion yuan (S$18.3 billion) from the market for the day.

The PBOC drained a net 330 billion yuan last week via open market operations.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Banking & Finance

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here