BEIJING, Feb. 12 (Xinhua) -- The People's Bank of China (PBOC), the country's central bank, skipped reverse repos Wednesday.
The banking system reports a relatively high level of liquidity at present, the PBOC said on its website.
No reverse repos matured Wednesday.
A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.
The country will continue to implement a proactive fiscal policy and prudent monetary policy, according to the annual Central Economic Work Conference held in December 2019. Enditem
