FILE PHOTO: A woman walks past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, June 21, 2013. REUTERS/Jason Lee/File Photo
December 26, 2017
SHANGHAI (Reuters) – China’s central bank said it will skip open market operations for the third straight trading day on Tuesday.
On a net basis, the People’s Bank of China (PBOC) will drain 50 billion yuan ($7.65 billion) from the money market for the day, equal to the amount of reverse repos due to mature on Tuesday.
The PBOC injected a net 200 billion yuan into the money market last week.
(Reporting by the Shanghai Newsroom; Editing by Shri Navaratnam)
