People's Bank of China skips OMOs again today
- 13th consecutive day skipping
- By doing so today it's a net drain of 40bn yuan
the PBOC are using OMOs as more finely tuned liquidity management operations 9vs. rate cuts, lending facility changes etc).
the PBOC are using OMOs as more finely tuned liquidity management operations 9vs. rate cuts, lending facility changes etc).