Policy

PBOC has not conducted reverse repos so far this morning

Date 9/7/2017 4:30:50 PM

SHANGHAI, Sept 7 (Reuters) - China's central bank has not conducted reverse bond repurchase agreements through its open market operations so far on Thursday morning, traders said.

    The central bank has not posted an official statement on its website that it intends to skip the reverse repo operations on Thursday, nor has it conducted any, according to traders. 

    It usually posts such statements at about 0110 GMT if it decides to skip the operations.

    There are no reverse repos due to mature on Thursday, but two batches of medium-term lending facility (MLF) loans worth 169.5 billion yuan ($25.99 billion) are maturing on the same day.

    Traders expect the central bank to roll over the maturing MLF loans on Thursday.

    The People's Bank of China drained a net 280 billion yuan from the money market last week. 

Source:Reuters