China's central bank adds liquidity via reverse repos

2022-September-27 10:59 By: Xinhua

BEIJING, Sept. 27 (Xinhua) -- China's central bank on Tuesday conducted a total of 175 billion yuan (about 24.7 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system.

The amount included 113 billion yuan of seven-day reverse repos at an interest rate of 2 percent, and 62 billion yuan of 14-day reverse repos at an interest rate of 2.15 percent, according to the People's Bank of China.

The move aims to keep stable liquidity in the banking system at the end of the quarter, 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.

Editor: WXL
More from Guangming Online


The views and opinions expressed in this article are those of the author's, makes no representations as to accuracy, suitability, or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information.