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October 09, 2021
Abstract : China's central bank Saturday conducted 10 billion yuan (1.55 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system.
BEIJING, Oct. 9 (Xinhua) -- China's central bank Saturday conducted 10 billion yuan (1.55 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system.
The interest rate for the 7-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. Enditem
Keyword: PBOC market liquidity
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