Markets > Bonds

China's central bank skips reverse repos Monday

Xinhua News,BEIJING
2020-04-27 10:41

Already collect

BEIJING, April 27 (Xinhua) -- 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.

As no reverse repos matured Monday, there is no net liquidity withdrawal from or net liquidity injection into the banking system.

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 PBOC cut the interest rate of targeted medium-term lending facility (TMLF) to 2.95 percent last Friday, 20 basis points lower than the previous TMLF, and renewed 267.4 billion yuan (37.8 billion U.S. dollars) in TMLF operations that came due last Friday to maintain liquidity, with the new operation of 56.1 billion yuan.
Add comments

Latest comments

Latest News
News Most Viewed