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PBOC skips open market operations for 4th day after holiday
时间:2019-02-17 00:00:00  来源:  作者:

China'scentralbankskippedopenmarketoperationsonThursdayforthefourthdayaftertheweek-longSpringFestivalholiday.

Aftercashreturningtothebankingsystemoffsetmaturingreverserepos,theliquiditylevelinthebankingsystemremainedatarelativelyhighlevel,thePeople'sBankofChinasaidonitswebsite.

Areverserepoisaprocessbywhichthecentralbankpurchasessecuritiesfromcommercialbanksthroughbidding,withanagreementtosellthembackinthefuture.

OnThursday,200billionyuan(29.5billionU.S.dollars)ofthepreviousreversereposmatured,meaningliquiditydroppedbythesameamountinthemarket.

TheSpringFestival,China'sLunarNewYear,isanimportanttraditionalfestivalforChinese,andcashdemandduringtheweek-longholidayisusuallystrong.Thisyear,thefestivalfellonFeb.5.


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