Markets > Bonds

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

2021-08-20 10:27

Already collect

BEIJING, Aug. 20 (Xinhua) -- China's central bank Friday conducted 10 billion yuan (about 1.54 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.
Add comments

Latest comments

Latest News
News Most Viewed