China's central bank injects liquidity into market
Xinhua |
Updated: 2019-05-08 12:09
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BEIJING - China's central bank injected funds into the monetary market on Wednesday to maintain ample liquidity in the banking system.
The People's Bank of China conducted 10 billion yuan ($1.48 billion) of seven day reverse repos at an interest rate of 2.55 percent.
No reverse repos will mature on Wednesday.
A reverse repo is a process by which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.
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