Home China press: PBOC may continue skipping OMOs right through November

China press: PBOC may continue skipping OMOs right through November

Published date: 23 Nov. 2018 | 03:54

China Securities Journal carried a story earlier today, citing that the Chinese central bank (PBOC) may continue to skip the daily Open Market Operations (OMOs) for the rest of this month, the longest run since introducing the tool in 2016.

The reason cited is loose liquidity conditions that is expected to be carry on with government spending adding cash. Daily OMOs from the PBOC are used to alter liquidity domestically in the banking system.

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