China's central bank says it will skip OMOs on Tuesday

On a net basis, the People's Bank of China (PBOC) will drain 130 billion yuan ($20.01 billion) from the money market for the day, equal to the amount of reverse repos due to mature on Tuesday.

The PBOC drained a net 510 billion yuan from the money market last week.

In 2017, the central bank drained 65 billion yuan on a net basis from money markets.

(Reporting by the Shanghai Newsroom)