PBOC skips open market operations for 2nd day

BEIJING, May 24 (Xinhua) -- China's central bank skipped open market operations for a second day on Friday, citing abundant liquidity in the banking system.

The People's Bank of China (PBOC) said liquidity is staying at a reasonable and sufficient level at present.

No reverse repo became mature on Friday.

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.

China will keep its prudent monetary policy "neither too tight nor too loose" while maintaining market liquidity at a reasonably ample level in 2019.