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China's c. bank offers 123b yuan off reverse repo
Nada Ali Published in Amwal Al Ghad on 20 - 01 - 2025

The People's Bank of China (PBC) announced on Monday a seven-day 123 billion-yuan reverse repo at an interest rate of 1.50 per cent.
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: M. S. Salama

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