China central bank skips reverse repos Friday

0 Comment(s)Print E-mail Xinhua, January 10, 2020
Adjust font size:

BEIJING, Jan. 10 (Xinhua) -- The People's Bank of China (PBOC), the country's central bank, continued to skip reverse repos Friday.

The banking system reports a relatively high level of liquidity at present, the PBOC said on its website.

No reverse repo became mature Friday.

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.

The country will continue to implement a proactive fiscal policy and prudent monetary policy, according to the annual Central Economic Work Conference held in December.

The quality and effect of the fiscal policy must be enhanced with more efforts on structural adjustment, while the monetary policy should be pursued with moderate flexibility to maintain market liquidity at a reasonably ample level, said the statement released after the conference. Enditem

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter