PBoC Open Market Ops See More Cash Taken From Market

The People's Bank of China (PBoC) issued RMB 170 billion in its regular open market operations this week, as RMB 181 billion in government securities matured, China Business News reports.

The PBoC announced it would auction RMB 50 billion in three-month bills on Thursday, March 17, after issuing RMB 10 billion in one-year notes at a rate of 3.1992% and RMB 110 billion in 2.5% 28-day repos on Tuesday, March 15, according to postings on the central bank's website.