The People’s Bank of China. [Photo/Agencies] BEIJING – China’s central bank conducted 52.1 billion yuan ($7.3 billion) of seven-day reverse repos at an interest rate of 1.7 percent Monday. The move aims to keep liquidity reasonable and ample in the banking system, the central bank said. A reverse repo is a process in which the … Continue reading China’s central bank conducts reverse repos Monday
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Two new tools to guide interest rates
A pedestrian walks past the headquarters of the PBOC in Beijing. JIANG QIMING/CHINA NEWS SERVICE The People’s Bank of China, the country’s central bank, has launched a pair of new tools to better guide market interest rates and ensure bond market stability, reinforcing its efforts to build a modern monetary policy system, experts said. The PBOC … Continue reading Two new tools to guide interest rates