Markets > Bonds

China's central bank conducts 10 bln yuan of reverse repos

BEIJING
2021-05-10 10:37

Already collect



BEIJING, May 10 (Xinhua) -- China's central bank Monday conducted 10 billion yuan (about 1.6 billion U.S. dollars) of reverse repos to maintain reasonably ample 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 will adopt a prudent monetary policy that is flexible, precise, appropriate and moderate in 2021, according to this year's government work report.
Add comments

Latest comments

Latest News
News Most Viewed