PBOC to Boost Frequency of Open-Market Operations Around Holiday

  • Exercise to be held every workday between Jan. 29 and Feb. 19
  • Monetary authority to also expand access to short-term loans

China’s central bank will conduct open-market operations every working day around the Lunar New Year holiday, compared with the current twice-weekly practice, as it looks to prevent festival demand from snowballing into a cash crunch.

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