China's central bank continues to add liquidity via reverse repos

• Published date: 20 February 2023
• Publication title: Xinhua Finance Agency

BEIJING, Feb. 20 (Xinhua) -- China's central bank continued to inject funds into the financial system through open market operations on Monday.

The People's Bank of China said on its website that it has conducted 270 billion yuan (about 39.33 billion U.S.

dollars) of seven-day reverse repos at an interest rate of 2 percent.The move is aimed at keeping liquidity...