China conducts sixth central bank bills swap in 2020

13:28, June 29, 2020

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  China's demand for loans increases in Q2: central bank

  A bank staff counts Chinese currency Renminbi banknotes at a bank in Linyi, East China's Shandong province.BEIJING - China saw stronger overall demand for loans in the second quarter of this year as economic activities remain on the track to recovery, a central bank survey showed.8 in Q2 from 66 in

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  People wear face masks in Sao Paulo, Brazil

  A security guard wearing a face mask stands by the building of Brazil's central bank in Sao Paulo, Brazil, on June 25, 2020. (Xinhua/Rahel Patrasso) .A man wearing a protective shield is seen at a supermarket in Sao Paulo, Brazil, on June 25, 2020.

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  China's central bank injects 200 bln yuan into market Tuesday

  BEIJING, June 23 (Xinhua) -- Chinas central bank on Tuesday pumped cash into the banking system via reverse repos to maintain liquidity.File photo by CFPWith no reverse repos maturing Tuesday, the Peoples Bank of China injected a total of 200 billion yuan (about 28.3 billion US dollars) into the market, including 90 billion yuan through seven-day reverse repos at an interest rate of 2.2 percent and 110 billion yuan of 14-day contract at an interest rate of 2.35 percent, according to a statement on the website of the central bank.The move is intended to maintain stable liquidity in the banking system, 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.China will pursue a prudent monetary policy in a more flexible and appropriate way, according to this years government work report.The country will use a variety of tools including required reserve ratio reductions, interest rate cuts, and re-lending to enable M2 money supply and aggregate financing to grow at notably higher rates than last year, said the report.