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China central bank skips open market operations Monday
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  • //english.dbw.cn  2019-05-13 16:54:52
     

    China's central bank skips open market operations Monday, citing sufficient liquidity in the banking system.

    Meanwhile, 20 billion yuan (2.94 billion U.S. dollars) reverse repos matured Monday.

    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.

    Author:    Source:xinhua    Editor:Yang Fan

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