China's central bank conducts $80.17 billion via reverse repos

BEIJING, 18th September, 2024 (WAM) -- China's central bank conducted 568.2 billion yuan (about US$80.17 billion) of seven-day reverse repos at an interest rate of 1.7 percent Wednesday.

Xinhua News Agency quoted the People's Bank of China as saying that the move aims to offset the impact brought by the expiration of the medium-term lending facility (MLF) and reverse repos, as well as to keep liquidity reasonable