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China central bank skips open market operations Monday

Source: Xinhua| 2019-05-13 10:21:02|Editor: Li Xia
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BEIJING, May 13 (Xinhua) -- China's central bank skips open market operations Monday, citing sufficient liquidity in the banking system.

Meanwhile, 20 billion yuan (2.94 billion U.S. dollars) reverse repos matured Monday.

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

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