China's central bank conducts reverse repos Wednesday

0 Comment(s)Print E-mail Xinhua, December 25, 2024
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BEIJING, Dec. 25 (Xinhua) -- China's central bank conducted 192.3 billion yuan (about 26.76 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.5 percent on Wednesday.

The move aims to keep liquidity in the banking system adequate at a reasonable level 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. Enditem

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