BUSINESS China's central bank skips reverse repos for 13th straight day

BUSINESS

China's central bank skips reverse repos for 13th straight day

Xinhua

10:50, March 05, 2020

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.

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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. 


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