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\nBEIJING: China’s central bank conducted 571.9 billion yuan (about US$80.96 billion) of seven-day reverse repos at an interest rate of 1.7 percent Friday.<\/p>\n

Xinhua News Agency quoted the People’s Bank of China as saying that the move aims to keep liquidity reasonable and ample in the banking system.<\/p>\n

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.<\/p>\n

Source: Emirates News Agency <\/p>\n","protected":false},"excerpt":{"rendered":"

BEIJING: China’s central bank conducted 571.9 billion yuan (about US$80.96 billion) of seven-day reverse repos at an interest rate of 1.7 percent Friday.<\/p>\n

Xinhua News Agency quoted the People’s Bank of China as saying that the move aims to keep liquid…<\/p>\n<\/div>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-274891","post","type-post","status-publish","format-standard","hentry","category-production"],"yoast_head":"\nChina's central bank conducts $80.96 billion via reverse repos - Fujairah Updates<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fujairahupdates.com\/chinas-central-bank-conducts-80-96-billion-via-reverse-repos\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China's central bank conducts $80.96 billion via reverse repos - Fujairah Updates\" \/>\n<meta property=\"og:description\" content=\"BEIJING: China's central bank conducted 571.9 billion yuan (about US$80.96 billion) of seven-day reverse repos at an interest rate of 1.7 percent Friday. 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