Home PBOC skips reverse repo for the 35th trading day – Xinhua News Agency

PBOC skips reverse repo for the 35th trading day – Xinhua News Agency

Updated: 13 Dec. 2018 | 07:07

The People’s Bank of China (PBOC) on Thursday skipped reverse reports for the 35th trading day, the longest stretch since early 2016, citing sufficient liquidity in the banking system.

A reverse repo is a liquidity-injecting process by which the central bank purchases securities from commercial banks, with an agreement to sell them back in the future.

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