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December 27, 2024
Abstract : China's central bank conducted 107.8 billion yuan (about 14.99 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.5 percent on Friday.
BEIJING, Dec. 27 (Xinhua) -- China's central bank conducted 107.8 billion yuan (about 14.99 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.5 percent on Friday.
The move aims to keep liquidity in the banking system at an adequate level, 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: central bank reverse repos
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