PBOC Skips OMOs for Fifth Straight Trading Day, Keeps Liquidity Unchanged
Tang Shihua
/SOURCE : yicai

(Yicai Global) Oct. 10 -- The People's Bank of China passed on open market operations for the fifth consecutive trading day today, citing abundant liquidity in the banking system.
 

As no reverse repos come due today, the move maintains the same level of liquidity in the monetary system.
 

The central bank again reiterated that liquidity is currently at a high level and there is no need to increase it. It delivered the same message the previous four trading days. 

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Keywords: Open Market Operation , Reverse Repo , PBOC