China National Bank suspended the market today due to Sufficient liquidity

Forex Currency China Yuan (Chinese: 元; pinyin: yuán) Renminbi 人民幣/人民币

The Chinese central bank (PBOC) suspended the Open Market Operations (OMO) today, stating that there is sufficient liquidity in the financial system.
China National Bank said Liquidity in the financial system is quite high. Which is enough to support the impact of the liquidity out of the market
Reverse repo is a process by which the central bank purchases securities from a commercial bank with an agreement to sell back in the future.

Xinhua news agency reported that In the Central Economic Work Conference held in December The Chinese authorities said that they will conduct monetary policy in a neutral manner. Which will not relax or control too much While maintaining liquidity in the market to a reasonable level in the year 2019

1 comment on “China National Bank suspended the market today due to Sufficient liquidity

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