China press reports the PBOC may continue skipping RRs right through November - ConsultFX

China press reports the PBOC may continue skipping RRs right through November

Daily open market operations from the People's Bank of China are used to alter liquidity domestically in the banking system - The bank introduced the operations in 2016 China Securities Journal reports today the Bank may continue to refrain for the rest of the month. Citing loose liquidity conditions, expected to carry on with government spending adding cash.