China's national bank injects another 120 billion yuan to support liquidity before the Lunar New Year holidays.

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China's national bank injects another 120 billion yuan to support liquidity before the Lunar New Year holidays.

Příspěvekod limited » pon úno 08, 2021 4:29 am

Obrázek




The Chinese central bank injected CNY 11 billion (approximately $ 17.1 billion) today through a reverse repos deal with the aim of stabilizing liquidity in the slotxo banking system. Before the Chinese Festival holiday
The PBOC set a seven-day reverse repos rate at 2.2%, down from 2.35% on Sunday.



The reverse repo is a process by which a central bank purchases securities from commercial banks in an agreement to sell them back in the future.



Xinhua news agency reported that The People's Bank of China pledges to implement a more prudent, targeted and flexible monetary policy to adapt to the needs of high-quality development. As well as paying more attention to the efficiency of financial services to support the real economy.

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