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China's central bank skips reverse repos Tuesday

2020-5-12 14:15

 

BEIJING, May 12 (Xinhua) -- The People's Bank of China (PBOC), the country's central bank, skipped open market operations via reverse repos Tuesday.

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

As no reverse repos matured Tuesday, 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.

 

北京,5月12日(新华社)——中国人民银行周二通过逆回购跳过了公开市场操作。


中国人民银行在一份网上声明中表示,目前银行系统报告的流动性合理充足。


由于周二没有到期的逆回购,因此银行系统既没有净流动性撤出,也没有净流动性注入。


逆回购是央行通过竞标从商业银行购买证券,并同意在未来将其出售的过程。

 

来自: xinhua