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Xinhua Silk Road
Economy

China's central bank adds liquidity via reverse repos

January 19, 2023


Abstract : China's central bank continued to inject funds into the financial system through open market operations on Thursday.

BEIJING, Jan. 19 (Xinhua) -- China's central bank continued to inject funds into the financial system through open market operations on Thursday.

The People's Bank of China said on its website that it has conducted 65 billion yuan (about 9.6 billion U.S. dollars) of seven-day reverse repos at an interest rate of 2 percent, and 467 billion yuan of 14-day reverse repos at an interest rate of 2.15 percent.

The moves are aimed at offsetting impacts from factors including the payment on issue of government bonds and cash issuance and keeping liquidity stable before the upcoming Spring Festival holiday, according to the central bank.

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

Reading:

【Financial Str. Release】China's central bank adds liquidity via reverse repos

【Financial Str. Release】China's central bank conducts reverse repos to boost liquidity

China's central bank conducts reverse repos to boost liquidity

China's central bank conducts reverse repos to boost liquidity

China's central bank conducts reverse repos to boost liquidity

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