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Economy

China's central bank injects liquidity into market

September 27, 2021


Abstract : China's central bank Monday conducted 100 billion yuan (15.5 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system.

BEIJING, Sept. 27 (Xinhua) -- China's central bank Monday conducted 100 billion yuan (15.5 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 2.35 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. Enditem

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Keyword: PBOC market liquidity

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