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China's central bank skips reverse repos Monday

Xinhua News,BEIJING
2020-03-23 10:46

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 The People's Bank of China (PBOC), the country's central bank, skipped open market operations via reverse repos Monday.

The banking system reports reasonable and sufficient liquidity at present, the PBOC said in an online statement.

No reverse repos matured on Monday.

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.

China 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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