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Economy

China's central bank injects liquidity into market

December 06, 2021


Abstract : China's central bank on Monday injected 10 billion yuan (about 1.57 billion U.S. dollars) into the financial system via reverse repos.

BEIJING, Dec. 6 (Xinhua) -- China's central bank on Monday injected 10 billion yuan (about 1.57 billion U.S. dollars) into the financial system via reverse repos.

The interest rate for the seven-day reverse repos was set at 2.2 percent, according to the People's Bank of China.

The move aims to keep the liquidity in the banking system reasonably 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. Enditem

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Keyword: reverse repos

Reading:

China's central bank injects liquidity into market

China's central bank conducts 100 bln yuan of reverse repos

China's central bank conducts 100 bln yuan of reverse repos

【Financial Str. Release】China bond yields shift up in October, CCDC report

China's central bank conducts 50 bln yuan of reverse repos

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