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China's central bank adds liquidity via reverse repos

0 Comment(s)Print E-mail Xinhua, February 4, 2024
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China's central bank conducted 43 billion yuan (about $6 billion) of 14-day reverse repos at an interest rate of 1.95% Sunday.

The move aims to keep liquidity stable ahead of the Spring Festival, which falls on Feb. 10 this year, 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.

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