What the PBoC gives, the PBoC takes
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
Well, that was over quickly.
On Thursday, the People’s Bank of China (PBoC) went back to doing only RMB 10 billion worth of seven-day reverse repos during open market operations (OMOs).
That had the effect of withdrawing RMB 20 billion from the market after RMB 30 billion worth of seven-day reverse...