中文字幕无码久久人妻_中国无码a一级刺激片_国产综合色产在线观看_色多黄片资源2020

China's central bank continues open market operations, rates unchanged

Source: Xinhua| 2018-06-14 12:55:16|Editor: ZD
Video PlayerClose

BEIJING, June 14 (Xinhua) -- China's central bank continued to inject liquidity into the financial system via open market operations, with rates unchanged despite an interest rate hike in the United States.

The People's Bank of China (PBOC) pumped 150 billion yuan (about 23.5 billion U.S. dollars) into the market through reverse repos, with 80 billion yuan of contracts maturing, a net injection of 70 billion yuan.

The PBOC conducted 70 billion yuan of seven-day reverse repos at an interest rate of 2.55 percent, 50 billion yuan of 14-day reverse repos at 2.7 percent, and 30 billion yuan of 28-day operations at 2.85 percent. All rates were unchanged from previous operations.

The U.S. Federal Reserve on Wednesday raised short-term interest rates by a quarter of a percentage point, its second rate hike this year and the seventh since late 2015.

Thursday's operations followed net injections of 30 billion yuan on Tuesday and 70 billion on Wednesday.

A reverse repo is a process by which the central bank bids and buys securities from commercial banks, with an agreement to sell them back in the future.

Analysts believe the moves were made to stabilize market expectations as liquidity demand could increase due to taxes and required reserves as well as more maturing securities.

China has decided to maintain a prudent and neutral monetary policy in 2018 as it strives to balance growth and risk prevention.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001372532531