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China Daily | Updated: 2016-03-02 08:28
Govts & policies
Central bank suspends open-market operations
The central bank, the People Bank of China, refrained from conducting open-market operations on Tuesday, citing weak demand from traders amid ample liquidity in the banking system. This is the first time that the monetary authority has announced a suspension since it began conducting the operations daily on Jan 29. The pause comes after the central bank surprised markets on Monday with a 0.5 percentage point cut to the reserve requirement ratio for lenders.
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