国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

China central bank skips open market operations for 4th consecutive day

Source: Xinhua| 2017-12-27 14:35:22|Editor: pengying
Video PlayerClose

BEIJING, Dec. 27 (Xinhua) -- China's central bank suspended open market operations for the fourth working day Wednesday, citing sufficient liquidity in the banking system.

"The rising fiscal spending near year-end is sufficient to offset the influence from factors such as maturing reverse repos and to keep liquidity stable within the banking system," the People's Bank of China (PBOC) said on its website.

On Wednesday, 40 billion yuan (about 6.1 billion U.S. dollars) of reverse repos matured, meaning that market liquidity would drop 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.

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

China has decided to maintain a prudent and neutral monetary policy in 2018 as the world's second-largest economy strives to balance growth and 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, which concluded last week.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001368549921
主站蜘蛛池模板: 武陟县| 周至县| 宝兴县| 商丘市| 三门县| 精河县| 左权县| 吕梁市| 神农架林区| 浮山县| 香河县| 威信县| 郑州市| 桂阳县| 临朐县| 克拉玛依市| 麟游县| 长顺县| 灵宝市| 贵定县| 达拉特旗| 南安市| 高密市| 芮城县| 唐山市| 伽师县| 五峰| 崇州市| 溧水县| 大石桥市| 同德县| 思茅市| 广安市| 平湖市| 共和县| 鹤峰县| 璧山县| 江西省| 广水市| 南陵县| 杭锦旗|