So far in 2018 China has drained more than a trillion yuan via OMOs - ConsultFX

So far in 2018 China has drained more than a trillion yuan via OMOs

A snippet from a report on the PBOC drawing cash from the money market via open market operations - In 2017 the Bank net drained 65 bn yuan in OMOs net - YTD in 2018 the drain is 1.12 tln yuan net Deleveraging continues ….