PBOC Narrows Financial System's Liquidity by USD26.4 Billion via OMOs
Dou Shicong
DATE:  Sep 02 2020
/ SOURCE:  Yicai
PBOC Narrows Financial System's Liquidity by USD26.4 Billion via OMOs PBOC Narrows Financial System's Liquidity by USD26.4 Billion via OMOs

(Yicai Global) Sept. 2 -- The People's Bank of China allowed the banking system's liquidity to be squeezed by CNY180 billion (USD26.4 billion) today after a CNY230 billion cut yesterday.

The central bank conducted seven-day reverse repos worth CNY20 billion (USD2.9 billion) today with an interest rate of 2.20 percent. Some CNY200 billion worth of such open market operations matured.

This week, the PBOC has reduced the banking system's liquidity by CNY490 billion, citing sufficient capital supply.

Editor: Emmi Laine

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Keywords:   PBOC,Reverse Repos,OMOs