December 25, 2017 / 1:27 AM / 6 months ago

China's central bank says will skip OMOs on Monday

SHANGHAI (Reuters) - China’s central bank said it will skip open market operations on Monday.

On a net basis, the People’s Bank of China (PBOC) will drain 120 billion yuan ($18.25 billion) from the money market for the day, as that amount of reverse repos is due to mature on Monday.

The PBOC injected a net 200 billion yuan into the money market last week.

Reporting by the Shanghai Newsroom; Editing by Richard Borsuk

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