App | 中文 |

HOME >> STATE COUNCIL >> MINISTRIES

China's central bank adds liquidity via reverse repos

Updated: Aug 02,2022 14:34    Xinhua

BEIJING — China's central bank on Aug 2 conducted 2 billion yuan (about $296.46 million) of reverse repos to maintain liquidity in the banking system.

The interest rate for the seven-day reverse repos was set at 2.1 percent, according to the People's Bank of China.

The move aims to keep stable liquidity 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.

VIDEOS

VIDEOS

SERVICES

CONTACT THE PREMIER

Mobile