China's central bank injected $24 billion to maintain liquidity in banks through reverse repos.

China's central bank conducted 172.6 billion yuan ($24 billion) in seven-day reverse repos at an interest rate of 1.5% on November 18. This move aims to maintain a healthy level of liquidity in the banking system. In a reverse repo, the central bank buys securities from commercial banks with a promise to buy them back later.

November 18, 2024
5 Articles