BEIJING, March 24 -- China's central bank Wednesday conducted 10 billion yuan (about 1.53 billion U.S. dollars) of reverse repos to maintain reasonably ample liquidity in the banking system.
The interest rate for the seven-day reverse repos was set at 2.2 percent, according to a statement on the website of 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.
China will adopt a prudent monetary policy that is flexible, precise, appropriate and moderate in 2021, according to this year's government work report. Xinhua
21 comments
… [Trackback]
[…] Here you can find 71555 more Info to that Topic: namibiadailynews.info/chinas-central-bank-conducts-10-bln-yuan-of-reverse-repos/ […]
… [Trackback]
[…] Read More on that Topic: namibiadailynews.info/chinas-central-bank-conducts-10-bln-yuan-of-reverse-repos/ […]
… [Trackback]
[…] Read More Info here on that Topic: namibiadailynews.info/chinas-central-bank-conducts-10-bln-yuan-of-reverse-repos/ […]
… [Trackback]
[…] Information to that Topic: namibiadailynews.info/chinas-central-bank-conducts-10-bln-yuan-of-reverse-repos/ […]
… [Trackback]
[…] Find More here on that Topic: namibiadailynews.info/chinas-central-bank-conducts-10-bln-yuan-of-reverse-repos/ […]
… [Trackback]
[…] There you will find 83351 more Information to that Topic: namibiadailynews.info/chinas-central-bank-conducts-10-bln-yuan-of-reverse-repos/ […]
… [Trackback]
[…] There you can find 29322 additional Info to that Topic: namibiadailynews.info/chinas-central-bank-conducts-10-bln-yuan-of-reverse-repos/ […]
… [Trackback]
[…] Read More Information here to that Topic: namibiadailynews.info/chinas-central-bank-conducts-10-bln-yuan-of-reverse-repos/ […]
… [Trackback]
[…] Info to that Topic: namibiadailynews.info/chinas-central-bank-conducts-10-bln-yuan-of-reverse-repos/ […]
… [Trackback]
[…] Information to that Topic: namibiadailynews.info/chinas-central-bank-conducts-10-bln-yuan-of-reverse-repos/ […]
… [Trackback]
[…] Info to that Topic: namibiadailynews.info/chinas-central-bank-conducts-10-bln-yuan-of-reverse-repos/ […]
… [Trackback]
[…] Read More on that Topic: namibiadailynews.info/chinas-central-bank-conducts-10-bln-yuan-of-reverse-repos/ […]
… [Trackback]
[…] Read More here to that Topic: namibiadailynews.info/chinas-central-bank-conducts-10-bln-yuan-of-reverse-repos/ […]
… [Trackback]
[…] There you will find 48097 additional Info to that Topic: namibiadailynews.info/chinas-central-bank-conducts-10-bln-yuan-of-reverse-repos/ […]
… [Trackback]
[…] Here you can find 71921 additional Information on that Topic: namibiadailynews.info/chinas-central-bank-conducts-10-bln-yuan-of-reverse-repos/ […]
… [Trackback]
[…] Info on that Topic: namibiadailynews.info/chinas-central-bank-conducts-10-bln-yuan-of-reverse-repos/ […]
… [Trackback]
[…] Find More on on that Topic: namibiadailynews.info/chinas-central-bank-conducts-10-bln-yuan-of-reverse-repos/ […]
… [Trackback]
[…] There you can find 76040 additional Info to that Topic: namibiadailynews.info/chinas-central-bank-conducts-10-bln-yuan-of-reverse-repos/ […]
… [Trackback]
[…] Find More here on that Topic: namibiadailynews.info/chinas-central-bank-conducts-10-bln-yuan-of-reverse-repos/ […]
… [Trackback]
[…] Information on that Topic: namibiadailynews.info/chinas-central-bank-conducts-10-bln-yuan-of-reverse-repos/ […]
… [Trackback]
[…] Read More on on that Topic: namibiadailynews.info/chinas-central-bank-conducts-10-bln-yuan-of-reverse-repos/ […]
Comments are closed.