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China central bank to skip open market operations today

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China's central bank said it would skip reverse bond repurchase agreements (reverse repos) operations on Saturday, citing "appropriate liquidity with a loosening bias" in the banking system.

[BEIJING] China's central bank said it would skip reverse bond repurchase agreements (reverse repos) operations on Saturday, citing "appropriate liquidity with a loosening bias" in the banking system.

The People's Bank of China (PBOC) drained a net of 30 billion yuan from the market via reverse repos for the week compared with a net injection of 160 billion yuan a week earlier.

REUTERS

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