Home>>
China's central bank conducts reverse repos Monday
(Xinhua) 10:34, August 05, 2024
BEIJING, Aug. 5 (Xinhua) -- China's central bank conducted 670 million yuan (about 94 million U.S. dollars) of seven-day reverse repos at an interest rate of 1.7 percent Monday.
The move aims to keep liquidity reasonable and ample in the banking system, 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.?
(Web editor: Chang Sha, Liang Jun)
Photos
Related Stories
- Chinese central bank rolls more innovative tools to ensure reasonable, ample liquidity to bolster economy
- China's central bank adds liquidity via reverse repos
- China's central bank adds liquidity via reverse repos
- China central bank governor calls for IMF quota reform
- China's central bank signs 40 currency swap agreements with foreign counterparts
About People's Daily Online | Join Us | Contact Us
Copyright © 2024 People's Daily Online. All Rights Reserved.
Copyright © 2024 People's Daily Online. All Rights Reserved.
