BEIJING, March 3 (Xinhua) -- The People’s Bank of China, China’s central bank, conducted 30 billion yuan (about 4.35 billion U.S. dollars) worth of 7-, 14-, 28-day reverse repos on Friday with yield remaining flat at 2.35 percent, 2.50 percent and 2.65 percent, respectively.
The central bank withdrew a net 50 billion yuan via its open market operation on Friday, marking the seventh straight trading day of net liquidity draining.
In this week, the central bank drained a net 280 billion yuan in total through its open market operations.
Insiders noted that though liquidity condition on the inter-bank market may see no big problem in the first half of the month thanks to basically stable RMB exchange rate, easing pressure on capital outflow and fiscal deposit release, it is still necessary to stay vigilant about liquidity fluctuations at the end of season. Enditem (Edited by Yang Yifan, yangyifan@xinhua.org)
A single purchase
