China's central bank injects liquidity into market

Source: Xinhua| 2021-10-24 17:15:27|Editor: huaxia
类似|咪乐|直播app 国家会根据房价的涨幅以及库存等基本情况要求各个城市自主出台政策。

File photo shows the headquarters of the People's Bank of China in Beijing, capital of China. (Xinhua/Cai Yang)

BEIJING, Sept. 26 (Xinhua) -- China's central bank Sunday conducted 100 billion yuan (15.48 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system.

The interest rate for the 14-day reverse repos was set at 2.35 percent, according to the People's Bank of China.

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.

KEY WORDS: China,Economy,Market liquidity