BUSINESS China's central bank injects 100 bln yuan into market


China's central bank injects 100 bln yuan into market


10:35, February 11, 2020

BEIJING, Feb. 11 (Xinhua) -- China's central bank pumped 100 billion yuan (about 14.3 billion U.S. dollars) into the financial system via reverse repos on Tuesday.

The People's Bank of China injected the fund through seven-day reverse repos at an interest rate of 2.4 percent.

The move aims to offset the impact of reverse repos maturing and to keep liquidity in the banking system at a reasonably sufficient level, according to a statement on the website of the central bank.

Meanwhile, 380 billion yuan of reverse repos matured Tuesday, resulting in a net withdrawal of 280 billion yuan from the market.

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.


(Photo: VCG)

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