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.
4 months ago
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