Home>>
China central bank continues to inject liquidity via reverse repos
(Xinhua) 10:49, October 12, 2022
BEIJING, Oct. 12 (Xinhua) -- China's central bank on Wednesday conducted a total of 2 billion yuan (about 281.28 million U.S. dollars) of reverse repos to maintain liquidity in the banking system.
The interest rate for the seven-day reverse repos was set at 2 percent, according to the People's Bank of China.
The move aims to keep stable liquidity in the banking system, the central bank said.
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.
(Web editor: Cai Hairuo, Hongyu)
Photos
Related Stories
About People's Daily Online | Join Us | Contact Us
Copyright © 2022 People's Daily Online. All Rights Reserved.
Copyright © 2022 People's Daily Online. All Rights Reserved.