The People's Bank of China Moves to Daily Open-Market Operations
Will the PBOC's Open-Market Operations Be Effective?
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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.