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China's central bank conducts reverse repos Monday
Last Updated: 2025-01-20 13:53 | Xinhua
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BEIJING, Jan. 20 (Xinhua) -- China's central bank conducted 123 billion yuan (about 17.11 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.5 percent on Monday.
 
The move aims to keep liquidity in the banking system at an adequate level, the central bank said.
 
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 conducts reverse repos Monday
Source:Xinhua | 2025-01-20 13:53
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