China skips open market operations

          Source: Xinhua| 2018-03-20 15:14:57|Editor: Mengjie
          Video PlayerClose

          BEIJING, March 20 (Xinhua) -- China's central bank suspended open market operations on Tuesday, citing abundant liquidity in the financial system.

          "The relatively high liquidity level in the banking system can offset the impact from factors including maturing reverse repos," the People's Bank of China said on its website.

          On Tuesday, 40 billion yuan (6.3 billion U.S. dollars) of reverse repos matured, meaning market liquidity dropped by the same amount.

          A reverse repo is a process by which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

          On Tuesday's interbank market, the overnight Shanghai Interbank Offered Rate, which measures the cost at which banks lend to one another, fell by 0.3 basis points to 2.558 percent.

          China will maintain a prudent and neutral monetary policy in 2018 as it strives to balance growth and risk prevention.

          TOP STORIES
          EDITOR’S CHOICE
          MOST VIEWED
          EXPLORE XINHUANET
          010020070750000000000000011100001370525651
          无码人妻一区二区三区四区av_亚洲精品911在线永久观看_精品一区二区国产在线观看_日韩不卡一区二区视频在线

                  亚洲午夜福利在线观看 | 午夜福利在线播放 | 色五月婷婷导航在线观看 | 亚洲无玛中文字幕久久婷婷 | 自拍偷拍一区二区三区四区 | 亚洲日韩AV在线不卡 |