China\'s central bank adds liquidity via 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 adds liquidity via reverse repos

BEIJING,May 17(Xinhua)--China\'s central bank on Tuesday conducted 10 billion yuan(1.47 billion U.S.dollars)of reverse repos to maintain liquidity in the banking system.

The interest rate for the seven-day reverse repos was set at 2.1 percent,according to the People\'s Bank of China.

The move aims to keep 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.■

Source：Xinhua

Release Time：2022-05-17 12:07:57