China’s central bank will conduct open-market operations every working day, it said in a statement posted on its website Thursday.
The People’s Bank of China said it is taking the step to improve the effectiveness of the operations. It added that it will issue notices on the days that it refrains from using the tool due to insufficient demand.
This comes after the central bank temporarily increased the frequency of the operations to every working day, compared with the twice-weekly practice before the Lunar New Year holidays.
— With assistance by Helen Sun