PBOC Drains USD16.7 Billion of Liquidity From Financial System via OMOs
Zhang Yushuo
DATE: Dec 02 2020
/SOURCE: Yicai
PBOC Drains USD16.7 Billion of Liquidity From Financial System via OMOs
(Yicai Global) Dec. 2 -- The People’s Bank of China tightened the banking system's liquidity by CNY110 billion (USD16.7 billion) via open market operations today as it carried out CNY10 billion (USD1.5 billion) in seven-day reverse repos against a maturing tally of CNY120 billion.