Member ID:
Stay logged in for 30 days
Forget Your Password?

login CCFGroup App

Economy | Time: Jul 3 2020 9:10AM
China's central bank skips reverse repos
Text size
BEIJING -- The People's Bank of China (PBOC), the country's central bank, skipped open market operations via reverse repos Wednesday.

The level of liquidity in the banking system is relatively high at present, the PBOC said in an online statement.

A total of 180 billion yuan (about $25.46 billion) of reverse repos matured Wednesday.

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 pursue a prudent monetary policy in a more flexible and appropriate way, according to this year's government work report.

Source: China daily
Related Articles
China's inflation rises in July, propelled by food prices
Nation aims to nurture trade, maintain supply
China's foreign trade up 6.5 pct in July
Services trade deficit narrows in first half
Global investment in China grows for three straight months
Latest on the novel coronavirus outbreak (Aug 6, 2020)
More flexible monetary policies next
China's building materials sector reports output growth in June
China's export tax rebates, exemptions top 812b yuan in H1
China's non-manufacturing PMI dips in July
Polyester market review in H1 2020 and market outlook
PET bottle chip market to face challenges after an ...
Spandex market review in H1 2020 and market outlook
PTA and PX market outlook in H2 2020
Analysis on production changes of global major cotton ...
Analysis on spandex for ear bands for masks in 2020