BEIJING, Feb. 18 (Xinhua) -- The People's Bank of China (PBOC), the country's central bank, skipped reverse repos Tuesday, citing reasonable and sufficient liquidity in the banking system.
Meanwhile, 220 billion yuan of reverse repos matured Tuesday, resulting in a net withdrawal of 220 billion yuan from the market.
The PBOC injected 1.7 trillion yuan through reverse repos into the market earlier this month, demonstrating its determination to stabilize market expectations and boost market confidence.
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.
Meanwhile, 220 billion yuan of reverse repos matured Tuesday, resulting in a net withdrawal of 220 billion yuan from the market.
The PBOC injected 1.7 trillion yuan through reverse repos into the market earlier this month, demonstrating its determination to stabilize market expectations and boost market confidence.
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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