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China's central bank skips reverse repos Wednesday

Xinhua News,BEIJING
2020-02-26 10:33

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

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

No reverse repos matured Wednesday.

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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