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China Daily | Updated: 2018-01-30 07:38
Govt and policies
PBOC skips open market operations
The People's Bank of China, the central bank, skipped open market operations on Monday to maintain stable liquidity in the banking system. The suspension was made to offset the influence from factors such as the use of the PBOC Contingent Reserve Arrangement, fiscal expenditure and maturing reverse repos, the People's Bank of China said on its website. On Monday, previous reverse repos worth 140 billion yuan ($22.2 billion) matured.
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