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China\'s central bank injects liquidity into market
BEIJING,Nov.22(Xinhua)--China\'s central bank Monday injected 50 billion yuan(about 7.82 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 keep the liquidity in the banking system reasonably stable,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
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