The bank halted its government bond purchases Friday in an attempt to slow a one-way bonds trade that’s put unwanted downward pressure on the yuan, analysts say.
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Why China’s central bank has stopped bond purchases
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China’s central bank suspends treasury bond purchases
BEIJING, Jan. 10 (Xinhua) — The People’s Bank of China announced on Friday that it has decided to temporarily suspend treasury bond purchases in the open market, starting from this month.
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