LINE

Text:AAAPrint
Economy

China's central bank skips reverse repos Thursday

1
2019-09-12 11:30:43新华网 Editor : Mo Hong'e ECNS App Download

The People's Bank of China (PBOC), the country's central bank, skipped open market operations via reverse repos on Thursday.

The PBOC announced the decision in a terse statement on its website, citing reasonably sufficient liquidity in the banking system.

No reverse repos matured Thursday.

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

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
ECNS Wire
Biz
Economy
Travel
Photo
CNS Photo
Video
Video
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2019 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.