USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Finance

China boosts liquidity with open market operations

Xinhua | Updated: 2018-08-20 15:01
China's central bank on Monday boosted liquidity by 120 billion yuan ($17.5 billion) through open market operations to ease liquidity pressure. [Photo/IC]

BEIJING - China's central bank on Monday boosted liquidity by 120 billion yuan ($17.5 billion) through open market operations to ease liquidity pressure.

The People's Bank of China (PBOC) said in a statement that it made the operations via seven-day reverse repos with an interest rate of 2.55 percent to offset the impacts from payment for new government bonds.

No previous reverse repos matured on Monday, meaning the net market liquidity rose by the same amount.

The PBOC 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 a quarterly report released earlier this month.

China's prudent monetary policy will be "kept neutral and be neither too tight nor too loose," said the 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