LINE

Text:AAAPrint
Business

China's central bank continues to inject liquidity into market

1
2018-02-23 13:29:40Xinhua Gu Liping ECNS App Download

The People's Bank of China, the country's central bank, pumped 230 billion yuan (about 36 billion U.S. dollars) into the financial system through open market operations Friday.

The operations will help offset factors such as payment of taxes and central treasury cash management, and keep liquidity in the banking system at a reasonable and stable level, the People's Bank of China said on its website.

The operations consisted of 110 billion yuan of 7-day reverse repos, 80 billion yuan of 28-day reverse repos and 40 billion yuan of 63-day reverse repos.

The interest rates for 7-day, 28-day and 63-day operations were unchanged at 2.5 percent, 2.8 percent and 2.95 percent, respectively.

No reverse repos matured Friday.

The central bank has increasingly relied on open market operations for liquidity management, rather than cuts in interest rates or reserve requirement ratios.

The country will continue its prudent and neutral monetary policy, maintain reasonable and stable liquidity, and control the floodgates of money supply to facilitate supply-side structural reform, the central bank said last week in a monetary policy report for the fourth quarter of 2017.

  

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.