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China's central bank adds liquidity via reverse repos
Last Updated: 2023-09-27 11:07 | Xinhua
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BEIJING, Sept. 27 (Xinhua) -- China's central bank conducted 200 billion yuan (about 27.88 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Wednesday.
 
It also conducted 417 billion yuan of 14-day reverse repos at an interest rate of 1.95 percent.
 
The move aims to keep liquidity stable at the end of the quarter, 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. 

(Editor:Liao Yifan)

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China's central bank adds liquidity via reverse repos
Source:Xinhua | 2023-09-27 11:07
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