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PBOC suspend bill sales

01-18-2011 13:44 BJT

China's central bank says it doesn't plan to sell any bills in its regular open market operations this week. The People's Bank of China made the announcement in a short statement, without giving further explanation.

It also aroused market expectations widely. Some say, last Friday's hike in banks' required reserve ratio has deepened concerns about liquidity availability, and the central bank's move is to ease that pressure.

Some analysts note the suspension comes before a "liquidity-tight Chinese New Year season", and the central bank may resume bill sales after Chinese New Year, at much higher levels. And others still believe it might signal that a hike in interest rates is approaching.

Editor:Xiong Qu |Source: CNTV.CN

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