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Economy

China's central bank conducts reverse repos to boost liquidity

November 25, 2022


Abstract : China's central bank on Friday conducted 8 billion yuan (about 1.12 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system.

BEIJING, Nov. 25 (Xinhua) -- China's central bank on Friday conducted 8 billion yuan (about 1.12 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 percent, according to the People's Bank of China.

The move aims to keep liquidity in the banking system reasonable and ample, 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

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