Markets > Bonds

China's central bank injects liquidity into market

2020-12-25 11:35

Already collect

BEIJING, Dec. 25 (Xinhua) -- China's central bank on Friday conducted 40 billion yuan (about 6.12 billion U.S. dollars) of reverse repos to maintain stable liquidity in the banking system.

The interest rate for the seven-day reverse repos was set at 2.2 percent, according to a statement on the website of the People's Bank of China.

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 pursues a prudent monetary policy in a more flexible and appropriate way, according to this year's government work report.
Add comments

Latest comments

Latest News
News Most Viewed