The Business Times

International

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

International

China central bank to skip open market operations on Thursday

Published Thu, Aug 24, 2017 · 01:46 AM
Share this article.

[SHANGHAI] China's central bank said it will skip open market operations on Thursday, as liquidity in the banking system was"appropriate".

The People's Bank of China said in an online statement that it would auction 80 billion yuan (S$16.35 billion) of three-month deposits to commercial banks on Aug 24.

Maturing reverse repos will drain a net 10 billion yuan from the market for the day.

The PBOC injected a net 110 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

International

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