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China's central bank adds liquidity via reverse repos

Worldly Window news portal2024-05-07 16:43:26【sport】5People have gathered around

IntroductionBEIJING, April 19 (Xinhua) -- China's central bank conducted 2 billion yuan (about 281.5 million U.S

BEIJING, April 19 (Xinhua) -- China's central bank conducted 2 billion yuan (about 281.5 million U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Friday. The move aims to keep liquidity reasonable and ample in the banking system, the People's Bank of China said in a statement. 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:Liao Yifan)

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