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Economy

China's central bank conducts 150 bln yuan of reverse repos

January 24, 2022


Abstract : China's central bank Monday conducted 150 billion yuan (23.7 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system.

BEIJING, Jan. 24 (Xinhua) -- China's central bank Monday conducted 150 billion yuan (23.7 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 2.25 percent, according to the People's Bank of China.

The move aims to keep the liquidity stable ahead of the Spring Festival, 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.

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Keyword: reverse repos

Reading:

【Financial Str. Release】LPR to timely reflect changes in market rates, official

Economic Watch: China leverages financial toolkit to navigate economic headwinds

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

【Financial Str. Release】China's central bank cuts rates on medium-term loans, reverse repos

China's central bank conducts 10 bln yuan of reverse repos

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