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China's central bank continues to skip reverse repos Thursday

BEIJING
2020-02-13 10:05

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BEIJING, Feb. 13 (Xinhua) -- The People's Bank of China (PBOC), the country's central bank, continued to skip reverse repos Thursday for the second consecutive day.

The banking system reports a relatively high level of liquidity at present, the PBOC said on its website.

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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