China's central bank adds liquidity via reverse repos
Xinhua |
Updated: 2023-11-01 15:48
Share
Share - WeChat
BEIJING - China's central bank conducted 391 billion yuan ($54.47 billion) of seven-day reverse repos at an interest rate of 1.8 percent Wednesday.
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 Stories
- PBOC to further inject liquidity to keep interest rates stable, sources say
- China's central bank adds liquidity via reverse repos
- Policy rate cuts foreshadow greater transmission, economic rebound
- China's lending rate drops amid strengthened policies to boost economy
- PBOC cuts key rates to steady growth
