BEIJING, March 5 (Xinhua) -- The People's Bank of China, the country's central bank, skipped reverse repos for the 13th straight day on Thursday, citing reasonable and sufficient liquidity at present.
File photo: CGTN
No reverse repos matured Thursday.
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 2019.