China’s central bank adds liquidity via reverse repos

BEIJING   -   China’s central bank conducted 2 billion yuan (about 281.31 million US dollars) of seven-day reverse repos at an interest rate of 1.8 percent Wednesday. The move aims to keep liquidity reasonable and ample 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.

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