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China's central bank conducts reverse repos Wednesday

NAMPA / Xinhua
2024-11-27
BEIJING, Nov. 27 (Xinhua) -- China's central bank conducted 268.3 billion yuan (about 37.27 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.5 percent Wednesday. The move aims to keep liquidity in the banking system adequate at a reasonable level at the end of the month, the central bank said. A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an ag......
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