PBOC Tightens Banking System's Liquidity by USD11.5 Billion
Tang Shihua
DATE:  Aug 04 2020
/ SOURCE:  Yicai
PBOC Tightens Banking System's Liquidity by USD11.5 Billion PBOC Tightens Banking System's Liquidity by USD11.5 Billion

(Yicai Global) Aug. 4 -- The People's Bank of China withdrew CNY80 billion (USD11.5 billion) from the country's financial system this morning by skipping open market operations for a second day in a row.

The bank conducted no new OMOs to counter the expiring reverse repurchase agreements after letting CNY100 billion worth of such types of short-term lending instruments mature yesterday.

The financial system's liquidity is "reasonably ample," the central bank reiterated today.

Editor: Emmi Laine

 

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Keywords:   Open Market Operation,PBOC