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China's central bank conducts 150 bln yuan of reverse repos

BEIJING

2022-01-25 11:44

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BEIJING, Jan. 25 (Xinhua) -- China's central bank Tuesday conducted 150 billion yuan (about 23.7 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system.

The interest rate for the 14-day reverse repos was set at 2.25 percent, according to the People's Bank of China.

The move aims to keep the liquidity stable ahead of the Spring Festival, the central bank said.

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.

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China's central bank conducts 150 bln yuan of reverse repos

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China's central bank conducts 150 bln yuan of reverse repos

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