China's Central Bank Conducts $38.94 Billion Via Reverse Repos
Beijing, 28 Aug (ONA) --- China's central bank conducted 277.3
billion yuan (about 38.94 billion US dollars) of seven-day reverse repos at an
interest rate of 1.7 percent today.
The People's Bank of China said in a statement that the move aims
to keep liquidity reasonable and ample in the banking system at the end of the
month, according to China's News Agency (Xinhua).
A reverse repo is a process in which the ...