(Yicai Global) Jan. 26 -- The People's Bank of China pulled out CNY78 billion (USD12.1 billion) in liquidity from the financial system via open market operations today.

The central bank conducted CNY2 billion (USD309 million) in seven-day reverse repos today with an interest rate of 2.2 percent. Some CNY80 billion worth of previous short-term lending instruments matured.

This month, the PBOC has conducted several CNY2 billion reverse repo operations, which is the lowest single sum seen over the past 20 years, indicating that the current liquidity is quite sufficient, Securities Daily reported yesterday, citing Wang Youxin, researcher at Bank of China.

Editor: Emmi Laine