What the PBoC gives, the PBoC takes
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...
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Trivium Markets keeps you briefed on the latest developments in China markets policy.