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.
Brazil replaces injured goalkeeper Ederson in Copa America squad
Peng Liyuan Meets with Indonesian First Lady
Peng Liyuan Meets with Indonesian First Lady
Minnesota Uber and Lyft driver pay package beats deadline to win approval in Legislature
Xi, Prayut Agree on Building China
Xi Holds Talks with Cuban President
Xi and Other Comrades Visit Jiang in Hospital or Send Condolences After His Passing
Mohammad Mokhber: Who is Iran’s acting president?
Full Text of Xi's Written Speech at APEC CEO Summit
Bella Hadid goes braless in a thigh
China to Continue Working with G20 Members on Global Digital Economic Paradigm: Xi