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PBOC Postpones OMOs on Monday


Janvier, 08 2018
watermark Economic news

According to the central bank of China, open market operations will be postponed on  Monday as the 11th consecutive trading amid the high liquidity on the banking system.

The People's Bank of China will draw off 40 billion yuan or $6.17 billion for this day’s money market, which is equivalent to the reverse repos to mature on Monday. Meanwhile, the central bank poured out 510 billion yuan from the money market in the past week. Overall, the PBOC withdrew 65 billion yuan on a net value from money markets in last year.

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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.