China's central bank skips open market operations

BEIJING, Feb. 8 (Xinhua) -- China's central bank suspended open market operations for the eleventh consecutive working day Thursday, citing sufficient liquidity in the banking system.

No reverse repos matured on Thursday.

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.

The central bank has increasingly relied on open market operations for liquidity management, rather than cuts to interest rates or reserve requirement ratios.

China will maintain a prudent and neutral monetary policy in 2018 as the world's second-largest economy strives to balance growth with risk prevention.