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July 11, 2024
Abstract : China's central bank conducted 2 billion yuan (280.35 million U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Thursday.
BEIJING, July 11 (Xinhua) -- China's central bank conducted 2 billion yuan (280.35 million U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Thursday.
The move aims to keep liquidity reasonable and ample in the banking system, 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.
Keyword: China's central bank reverse repos
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