China's bank buys 2 bn yuan of reverse repos to maintain liquidity - Fibre2Fashion

2022-09-17 05:59:10 By : Ms. Meredith Yuan

The seven-day reverse repos were fixed at an interest rate of 2.1 per cent, as per the People’s Bank of China.

The decision was undertaken to keep liquidity stable in the banking system, said China’s central bank.

Fibre2Fashion News Desk (NB)