Current location:
China's central bank adds liquidity via reverse repos
Time:2024-05-21 16:31:02 Source:sportViews(143)
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)
share to:
Previous:What's next for Iran after death of its president in crash?
Next:Liverpool confirms Arne Slot as Jurgen Klopp's replacement
Kind tips:The above content and pictures are compiled from the Internet and are for reference only. I hope they will be helpful to you! If there is any infringement, please contact us to delete it.!
You may also like
- Fresh heartache for cancer
- Canadian police charge 2 former UN employees with conspiracy to sell military equipment in Libya
- Britain's home secretary touts UK
- A top Russian military official reportedly linked to Ukraine's Mariupol arrested for bribe
- Candice Swanepoel stuns in a form
- Plane crashes into river outside Fairbanks, Alaska
- America's best airlines ranked
- Ten of the world's best airports for food and drinks, according to experts
- Six killed in a 'foiled coup' in Congo, the army says