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China Daily | Updated: 2019-02-21 07:31
Govt and policies
PBOC injects liquidity into money market
The People's Bank of China injected liquidity into the money market through reverse repos on Wednesday. It conducted 20 billion yuan ($2.96 billion) of seven-day reverse repos at an interest rate of 2.55 percent. No reverse repos matured on Wednesday. The PBOC said the operation was aimed at maintaining reasonable and sufficient liquidity in the banking system. Reverse repos enable the central bank to purchase securities from commercial banks through bidding, with an agreement to sell them back in the future.
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