China's central bank injects liquidity into market
Xinhua |
Updated: 2021-09-28 13:58
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BEIJING -- China's central bank Monday conducted 100 billion yuan ($15.5 billion) 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.
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