PBOC has drained CNY 1.112 trillion YTD in 2018 vs. CNY 65 billion net drain in 2017

Dhwani Mehta FXStreet

The People’s Bank of China (PBOC) issued a statement on Friday, citing that it has drained CNY 1.112 trillion via Open Market Operations (OMOs) so far this year versus a net drain of CNY 65 billion in 2017, suggesting that the Chinese central bank continues deleveraging.

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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