China central bank injects fresh funds

0 Comment(s)Print E-mail Xinhua, September 14, 2017
Adjust font size:

China's central bank Thursday injected fresh funds to the money market via reverse repos to keep liquidity stable.

The People's Bank of China pumped 100 billion yuan (about 15.3 billion U.S. dollars) into the financial system via a process by which the central bank purchases securities from commercial banks through bidding with an agreement to sell them back in the future.

The operations included 60 billion yuan seven-day reverse repos priced to yield 2.45 percent, 30 billion yuan of 14-day contracts with a yield of 2.6 percent and 10 billion yuan of 28-day agreements with a yield of 2.75 percent.

The central bank has increasingly relied on open market operations for liquidity management, rather than cuts in interest rates or reserve requirement ratios.

China set the tone of its monetary policy in 2017 as prudent and neutral, keeping appropriate liquidity levels but avoiding excessive liquidity injections.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter