The People's Bank of China, China's central bank, conducted 10 billion yuan worth of 7-day reverse repos via Tuesday's open market operations.
It is the fifth time for the central bank to conduct 10 billion yuan worth of reverse repos after the central bank cut both the benchmark interest rates and required reserve ratio (RRR) in October.
Traders noted that as money market liquidity still remained relatively loose on the whole, the central bank was expected to maintain a neutral position in open market operations this week. Data shows that there were 20 billion yuan worth of reverse repos due this week.
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