Apple News Facebook Twitter 新浪微博 Instagram YouTube Wednesday, Mar 15, 2023
Search
Archive
English>>

China's central bank continues to skip reverse repos Monday

(Xinhua)    10:45, December 09, 2019

BEIJING, Dec. 9 (Xinhua) -- China's central bank skipped reverse repos on Monday, citing sufficient liquidity in the banking system.

The banking system reports a reasonable and sufficient level of liquidity at present, the PBOC said in a statement.

No reverse repos became mature on Monday.

A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

China vowed to keep its prudent monetary policy "neither too tight nor too loose" while maintaining market liquidity at a reasonably ample level in 2019.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Shi Xi, Bianji)

Add your comment

Related reading

We Recommend

Most Read

Key Words