BEIJING, March 25 (Xinhua) -- China's central bank conducted 50 billion yuan (about 7.04 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Monday.
The move aims to keep liquidity in the banking system reasonable and ample, the People's Bank of China said in a statement.
A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.
Real Madrid celebrates Spanish league title with fans after reaching Champions League final
German court backs intelligence agency's designation of far
Pitcher Brayan Bello comes off IL to start against Nats; Josh Winckowski sent to Triple
Young Boys seals 6th Swiss soccer league title in 7 years after rallying from firing coach Wicky
Thousands protest in Georgia over the weekend against 'Russia
BAFTA Television Awards 2024: Ashley James puts on a VERY leggy display in a thigh
Nimmo rescues Mets off the bench on Mother's Day. Senga's rehab progressing slowly
Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit
Katie Price is hit with SECOND Mucky Mansion eviction notice
Jessica Biel CHOPS her long locks into a bob after book signing in Studio City
Haliburton, Pacers take advantage of short