Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China. [Photo/Agencies] BEIJING – China’s central bank conducted 568.2 billion yuan ($80.17 billion) of seven-day reverse repos at an interest rate of 1.7 percent Wednesday. The move aims to offset the impact brought by the expiration of the medium-term lending … Continue reading China’s central bank conducts reverse repos Wednesday
Tag: Reverse repos
China’s central bank conducts reverse repos Tuesday
A Chinese clerk counts renminbi yuan banknotes in Nantong, East China’s Jiangsu province. [Photo/IC] BEIJING – China’s central bank conducted 676 billion yuan ($94.77 billion) of seven-day reverse repos at an interest rate of 1.8 percent Tuesday. The move aims to offset the impacts of tax period and keep liquidity reasonable and ample in the … Continue reading China’s central bank conducts reverse repos Tuesday