China\'s central bank conducts 100 bln yuan of reverse repos_Industry

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022-22998888,022-22977777

wqkqfzhfwb@tj.gov.cn

No. 18, Fuyuan Road, Tianjin Wuqing Development Area, China

China\'s central bank conducts 100 bln yuan of reverse repos

BEIJING,Nov.9(Xinhua)--China\'s central bank Tuesday injected 100 billion yuan(about 15.6 billion U.S.dollars)into the financial system via reverse repos.

The interest rate for the seven-day reverse repos was set at 2.2 percent,according to the People\'s Bank of China.

The move aims to maintain liquidity"at a reasonable and abundant level",the central bank said.

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.Enditem

Source：Xinhua

Release Time：2021-11-09 15:39:51