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Economy

China central bank conducts reverse repos to maintain liquidity

April 12, 2022


Abstract : China's central bank on Tuesday conducted 20 billion yuan (3.14 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system.

BEIJING, April 12 (Xinhua) -- China's central bank on Tuesday conducted 20 billion yuan (3.14 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system.

The interest rate for the seven-day reverse repos was set at 2.1 percent, according to the People's Bank of China.

The move aims to keep 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.

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Keyword: liquidity reverse repos China central bank

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