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Economy

China's central bank adds liquidity via reverse repos

May 05, 2023


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

BEIJING, May 5 (Xinhua) -- China's central bank continued to inject funds into the financial system through open market operations Friday.

The People's Bank of China said it has conducted 3 billion yuan (about 434.07 million U.S. dollars) of seven-day reverse repos at an interest rate of 2 percent.

The move is aimed at keeping liquidity reasonable and ample in the banking system, 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 reverse repos

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China's central bank adds liquidity via reverse repos

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

China's central bank adds liquidity via reverse repos

China's Zhejiang posts trade recovery in Q1

China's central bank continues to add liquidity via reverse repos

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