China's central bank adds liquidity via reverse repos
BEIJING, March 25 (Xinhua) -- China's central bank conducted 50 billion yuan (about 7.04 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Monday.
The move aims to keep liquidity in the banking system reasonable and ample, the People's Bank of China said in a statement.
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.
Related articles
Trump accepts a VP debate but wants it on Fox News. Harris has already said yes to CBS
NEW YORK (AP) — Donald Trump said Friday his campaign has accepted an invitation from Fox News for h2024-05-21Belgrade celebrates Chinese New Year with fireworks, dragon dance
(Xinhua) 09:35, February 10, 2024BELGRADE, Feb. 9 (Xinhua) -- People in Belgrade celebrated the Chin2024-05-21161 confirmed dead, 103 missing in Japan's quake
(Xinhua) 13:34, January 08, 2024TOKYO, Jan. 8 (Xinhua) -- The death toll has jumped to 161 in the ce2024-05-21Gaza protester, 28, says she'll murder lawmakers at public meeting
A pro-Palestine protester told California lawmakers she'd murder them at a council meeting - then so2024-05-21The fightback begins: Boss of London's Queen Mary University tells pro
A university boss has been praised after telling a pro-Gaza student mob he will not meet them until2024-05-2122 killed, 10 injured as tractor trolley overturns in India
(Xinhua) 10:36, February 26, 2024NEW DELHI, Feb. 24 (Xinhua) -- At least 22 people were killed and 12024-05-21
atest comment