Markets > Bonds

China's central bank injects liquidity into market

BEIJING
2021-10-12 11:59

Already collect



BEIJING, Oct. 12 (Xinhua) -- China's central bank Tuesday conducted 10 billion yuan (1.56 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system.

The interest rate for the seven-day reverse repos was set at 2.2 percent, according to 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