您当前的位置 : 东北网  >  English  >  Latest News

China's central bank injects liquidity into market

//english.dbw.cn  Author:  Source:xinhua  Editor:Yang Fan  2021-09-26 20:50:58
China's central bank Sunday conducted 100 billion yuan (15.48 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system.

The interest rate for the 14-day reverse repos was set at 2.35 percent, according to the People's Bank of China.

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. Enditem