PBOC Withdraws USD1.4 Billion From China's Banking System
Dou Shicong
DATE: Aug 20 2019
/SOURCE: yicai
(Yicai Global) Aug. 20 -- The People's Bank of China net withdrew CNY10 billion (USD1.4 billion) from the financial system via open market operations today.
The central bank conducted a seven-day reverse repo worth CNY50 billion at an interest rate of 2.55 percent, while CNY60 billion worth of the same instrument expired today.
