China’s Central Bank suspended operations on the open market for a day

Almaty. September 27. Silkroadnews – The Central Bank of China suspended operations on the open market operations for a day, the Canadian news portal Kitco News reported referring to Reuters.
“China’s central bank said it will skip open market operations on Wednesday as liquidity in the banking system was “relatively high”,” the report reads.
It is explained that according to information released by the People’s Bank of China, “fiscal expenditures were increasing towards the month-end to counter maturing reverse repos, liquidity in the banking system was staying at relatively high level.”
The People’s Bank of China will withdraw 40 billion yuan ($6.03 billion) from the money market for one day with reverse repo of 40 billion yuan due on Wednesday.
Last week, the People’s Bank of China injected 450 billion yuan into the money market.