The People's Bank of China, China's central bank, scaled down its reverse repo sales via Tuesday's open market operations. The central bank conducted 10 billion yuan worth of 7-day reverse repos on Tuesday morning The liquidity condition in the financial system remained relatively loose on the whole after the central bank resumed a net capital injection via open market operations last week. Traders noted that due to investors' rising demand for cash at the year-end, there is still room for the central bank to cut its reserve requirement ratio (RRR) in the future.
Latest comments