Font size+Author：Global Genesis news portalSource：style2024-05-21 06:58:46I want to comment(0)
(Xinhua) 11:30, March 25, 2024BEIJING, March 25 (Xinhua) -- China's central bank conducted 50 billio
BEIJING, March 25 (Xinhua) -- China's central bank conducted 50 billion yuan (about 7.04 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Monday.
The move aims to keep liquidity in the banking system reasonable and ample, the People's Bank of China said in a statement.
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.
Related articles
Siblings trying to make US water polo teams for Paris Olympics
2024-05-21 06:40
China to See Population Shrink by 2025
2024-05-21 05:51
Huge Flower Basket Decorates Tian'anmen Square Ahead of National Day Holiday
2024-05-21 05:33
Free Daycare Services for Students Provided in Hefei
2024-05-21 04:34
Netizen comments
Wonderful introduction
Popular information
