Central bank injects 180 bln of liquidity into money market

Updated 2018-01-12 17:01:03 Xinhua

China's central bank conducted 140 billion yuan (21.5 billion U.S. dollars) of seven-day reverse repos and another 130 billion yuan of 14-day reverse repos on Friday.

Offset by 90 billion yuan of maturing reverse repos, the operations resulted in a 180-billion-yuan net injection into the money market.

For the whole week, the net injection totaled 40 billion yuan, in contrast with a net 510 billion yuan withdrawal last week.

The central bank had suspended open market operations for 12 work days prior to Wednesday, citing sufficient liquidity in the banking system.

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 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.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58March 22 2018 10:10:43

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16March 22 2018 10:10:43

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18March 22 2018 10:10:43

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords