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Economy

China's central bank adds liquidity via reverse repos

October 08, 2023


Abstract : China's central bank conducted 20 billion yuan (about 2.79 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Sunday.

BEIJING, Oct. 8 (Xinhua) -- China's central bank conducted 20 billion yuan (about 2.79 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Sunday.

The move aims to keep liquidity in the banking system reasonable and ample, the People's Bank of China said in a statement.

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: PBOC reverse repos

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China's central bank vows stronger support for real economy

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

China's central bank adds liquidity via reverse repos

China's central bank adds liquidity via reverse repos

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

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