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China Daily | Updated: 2019-05-14 07:31
PBOC skips open market operations
China's central bank skipped open market operations on Monday, citing sufficient liquidity in the banking system. Meanwhile, 20 billion yuan ($2.94 billion) in reverse repos matured on Monday. 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.
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