China's central bank injects liquidity into market

0 Comment(s)Print E-mail Xinhua, September 14, 2020
Adjust font size:

China's central bank on Monday continued to pump cash into the banking system via reverse repos to maintain liquidity.

The People's Bank of China injected 80 billion yuan (about 11.7 billion U.S. dollars) into the market through seven-day reverse repos at an interest rate of 2.2 percent, according to a statement on the website of the central bank.

The move was intended to maintain reasonable and ample liquidity in the banking system, the central bank said.

As 100 billion yuan of reverse repos matured Monday, the operations led to a net withdrawal of 20 billion yuan from the market.

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.

China pursues a prudent monetary policy in a more flexible and appropriate way, according to this year's government work report.

Follow 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
今日七位数开奖结果 大学生模拟炒股 理财平台哪个好 排列三专业版 银行怎么给私募基金配资 深圳风采彩票 近期热点股票推荐 排列三开奖直播 吉林十一选五开奖号码走势图 贵州11选5在哪里买 广西快3走势图表 福建十一选五开奖记录 今日内蒙快三预测号码 旅游股票推荐 中国体育彩票竞彩网 上证指数年k线图 重庆时时全天在线计划软件