China's central bank conducts 200b yuan of reverse repos
Xinhua |
Updated: 2022-02-24 15:39
Share
Share - WeChat
BEIJING -- China's central bank Thursday conducted 200 billion yuan (about $31.6 billion) of reverse repos to maintain liquidity in the banking system.
The interest rate for the 7-day reverse repos was set at 2.1 percent, according to the People's Bank of China.
The move aims to keep month-end liquidity in the banking system stable, 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.
Related Stories
