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China's PBC offers 89.1b yuan off reverse repo
Nada Ali Published in Amwal Al Ghad on 30 - 12 - 2024

People's Bank of China (PBC) announced on Monday a seven-day 89.1 billion-yuan reverse repo at an interest rate of 1.50 per cent.
The Chinese central bank aims to maintain stable liquidity within the banking system as 2024 is coming to a close.
Reverse repo is a tool used by central banks to manage liquidity. The PBC purchases securities from commercial banks through a bidding process, with an agreement to resell them back in the future.
Attribution: Amwal Al Ghad English
Subediting: Y.Yasser

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