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PBOC Postpones OMOs on Monday


January, 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 is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.