Apple News Facebook Twitter 新浪微博 Instagram YouTube Wednesday, Mar 15, 2023
Search
Archive
English>>

China's central bank injects liquidity into market

(Xinhua)    10:30, November 18, 2019

BEIJING, Nov. 18 (Xinhua) -- China's central bank pumped 180 billion yuan (about 25.71 billion U.S. dollars) into the financial system Monday.

The People's Bank of China injected the money into the market through seven-day reverse repos at an interest rate of 2.5 percent. No reverse repos matured Monday.

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

 

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Shi Xi, Bianji)

Add your comment

Related reading

We Recommend

Most Read

Key Words