Industries > Finance

China's central bank injects liquidity into market

BEIJING
2021-12-22 11:02

Already collect



BEIJING, Dec. 22 (Xinhua) -- China's central bank on Wednesday conducted a total of 20 billion yuan (about 3.14 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system.

The amount included 10 billion yuan of seven-day reverse repos at an interest rate of 2.2 percent, and 10 billion yuan of 14-day reverse repos at an interest rate of 2.35 percent, according to the People's Bank of China.

The move was intended to maintain year-end liquidity in the banking system, the central bank said.

A total of 10 billion yuan of reverse repos matured Wednesday.

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.
Add comments

Latest comments

Latest News
News Most Viewed