PBOC drained funds from country's money market

Note: This section contains information in English only.
Source: Marketwatch
People's Bank of China withdrew CNY 44 billion (USD 6.98 billion) from Chinese money market via open market operations to curb excess liquidity. The draining of funds comes amid news Chinas consumer price unexpectedly surged in January. Nevertheless central bank refused to auction 3-month and 1-year bonds. 

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