BUSINESS Central bank injects liquidity into market


Central bank injects liquidity into market


16:59, January 31, 2019

BEIJING, Jan. 31 (Xinhua) -- China's central bank injected funds into the monetary market on Thursday to maintain ample liquidity in the banking system.


(File photo: VCG)

The People's Bank of China conducted 50 billion yuan (7.46 billion US dollars) of 14-day reverse repos at an interest rate of 2.7 percent on Thursday, with no reverse repos due on the same day.

A reverse repo is a process by which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

Except a rising overnight rate, all other interest rates for the terms ranging from seven days to one year under the Shanghai Interbank Offered Rate, which measures the cost at which banks lend to one another, declined mildly on Thursday.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue