PBOC Withdraws USD14.6 Billion From Financial System as Reverse Repos Mature
Dou Shicong
DATE: Jul 11 2019
/SOURCE: yicai
(Yicai Global) July 11 -- The People's Bank of China withdrew a net CNY100 billion (USD14.6 billion) from the financial system this morning by conducting no new open market operations to counter the expiration of reverse repos.
The central bank hasn't conducted any reverse repos since June 24 as it believes that liquidity in the banking system is sufficient.
