LINE

    Text:AAAPrint
    Economy

    China central bank continues to skip open market operations

    1
    2018-01-08 13:50Xinhua Editor: Gu Liping ECNS App Download

    China's central bank suspended open market operations for the 11th working day Monday, citing sufficient liquidity in the banking system.

    Liquidity was at a "relatively high level," which can offset the influence from factors such as maturing reverse repos, the People's Bank of China (PBOC) said on its website.

    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.

    The suspension of reverse repos led to a net withdrawal of 40 billion yuan (about 6.17 billion U.S. dollars) from China's money market Monday, as previous reverse repo contracts matured.

    The PBOC said earlier that it would conduct open market operations in a flexible way to meet the liquidity needs of banks.

    China will continue a prudent and neutral monetary policy in 2018 as the world's second-largest economy strives to balance growth with risk prevention.

    "Prudent monetary policy should be kept neutral, the floodgates of monetary supply should be controlled, and credit and social financing should see reasonable growth," said a statement released after the Central Economic Work Conference.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 达日县| 密云县| 嘉祥县| 永年县| 北辰区| 三门峡市| 石门县| 体育| 上思县| 繁峙县| 北辰区| 济源市| 大埔县| 呼图壁县| 交口县| 肇州县| 泽州县| 武邑县| 三河市| 沧州市| 云龙县| 祁阳县| 桐柏县| 土默特右旗| 正阳县| 湛江市| 清流县| 留坝县| 卫辉市| 霍山县| 三原县| 乌兰察布市| 连州市| 明光市| 镇雄县| 丰原市| 济源市| 通江县| 礼泉县| 子长县| 阿勒泰市|