PBOC drains net CNY 510 bn via OMOs this week

Dhwani Mehta FXStreet

For the week, the Chinese central bank (PBOC) drained a net of CNY 510bn via Open Market Operations (OMOs) versus net CNY 40bn drainage seen in the previous week.

Meanwhile, the PBOC skipped that OMOs today, stating that liquidity remains at a moderate level.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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