USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Finance

China's central bank skips open market operations for 17th trading day

Xinhua | Updated: 2018-08-13 16:30
Pedestrians walk past the People's Bank of China (PBOC) headquarters in Beijing, Jan 18, 2016. [Photo/VCG]

BEIJING - China's central bank has suspended open market operations for 17 trading days in a row, citing abundant liquidity in the financial system.

Liquidity in the banking system is at a "relatively high" level, which can offset the impact from factors such as repaying local debt, the People's Bank of China (PBOC) said Monday on its website.

No reverse repos will mature this week.

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

PBOC has said that the country's prudent monetary policy will be kept neutral and be neither too tight nor too loose.

The central bank will make policies more forward-looking, flexible and effective, maintain proper control over the floodgate of money supply and keep liquidity at a reasonable and abundant level, according to the bank's second-quarter report.

Top
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US