China's central bank adds liquidity via reverse repos
BEIJING, March 25 (Xinhua) -- China's central bank conducted 50 billion yuan (about 7.04 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Monday.
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.
Related articles
With Djokovic awaiting the winner, Murray trails Hanfmann at rain
GENEVA (AP) — Needing a win to face Novak Djokovic next at the Geneva Open, Andy Murray was saved by2024-05-21Ministers told to redraw green plans after High Court rules UK's current net zero strategy unlawful
The UK will have to come up with a new strategy to reach net zero after a High Court judge ruled the2024-05-21Moscow accuses Lord Cameron of 'threatening European security' over remarks giving Kyiv go
The Kremlin yesterday accused Lord Cameron of 'threatening European security' after he authorised Uk2024-05-21Jordan Spieth got elbowed back in the fairway, but missed cut at hometown Nelson
McKINNEY, Texas (AP) — Jordan Spieth got elbowed back into the fairway on the 16th hole Friday, and2024-05-21Strictly star Giovanni Pernice's former partner Rose Ayling
Giovanni Pernice has been dealt a fresh blow after friend and former Strictly dance partner Rose Ayl2024-05-21Miami Marlins working on trade that would send 2B Luis Arraez to the San Diego Padres
OAKLAND, Calif. (AP) — The Miami Marlins are working on a trade that would send second baseman and r2024-05-21
atest comment