PBOC drains net CNY 60 bn via OMOs this week

Dhwani Mehta FXStreet

PBOC drains a net CNY 60 bn via Open Market Operations (OMOs) this week versus a net injection of CNY 410 bln seen last week, which marked the largest injection since mid-January this year.

Meanwhile, the Central bank skipped OMOs today, and gauged demand for 7, 14 & 28 day reverse repos.

PBOC said in a statement: “Liquidity levels in the banking system are relatively high due to high fiscal expenditure at month-end.”

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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