China's central bank drains money from market

          Source: Xinhua| 2018-10-30 14:18:15|Editor: mym
          Video PlayerClose

          BEIJING, Oct. 30 (Xinhua) -- China's central bank drained 120 billion yuan (about 17 billion U.S. dollars) from the financial system through open market operations Tuesday. The People's Bank of China (PBOC) didn't pump any money into the market through reverse repos, with 120 billion yuan of contracts maturing, leading to a net withdrawal of 120 billion yuan.

          A reverse repo is a process by which the central bank bids and buys securities from commercial banks with an agreement to sell them back in the future. The PBOC said the move is to keep liquidity in the banking system at a reasonable and ample level.

          The overnight Shanghai Interbank Offered Rate (Shibor), which measures the cost at which banks lend to one another, dropped 28.60 basis points to 1.566 percent Tuesday.

          Chinese authorities have pledged to continue a prudent and neutral monetary policy and properly deal with the relationship between stabilizing growth, deleveraging and strengthening regulatory control.

          TOP STORIES
          EDITOR’S CHOICE
          MOST VIEWED
          EXPLORE XINHUANET
          010020070750000000000000011100001375690001
          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

                  一级国产精品αV | 人妇乱系列中文字幕 | 亚洲国产精品综合色区 | 中文成人免费久久久 | 一本大道香蕉精品视频在线 | 亚洲综合丝袜一区二区 |