Home PBOC drains CNY 770 bn this week, skips OMOs today

PBOC drains CNY 770 bn this week, skips OMOs today

Published date: 25 Jan. 2019 | 03:02

The People’s Bank of China (PBOC) said in a statement on Friday, it drained net 770bn Yuan this week. Meanwhile, it drained CNY 10bn today, with a fifth straight day of no RRs.

The Chinese central bank skipped the open market operations (OMOs) today, citing that the banking liquidity remains at a relatively high level.

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