Bank of China provides banks with 200 billion yuan in reverse repo

Bank of China

    The People's Bank of China (PBOC) has allocated 200 billion yuan ($ 31.3 billion) to banks in repurchase repos at 2.2% per annum to support liquidity. Last week, the financial regulator allocated 100 billion yuan daily for three days at a similar rate. 

    According to the Central Bank, this measure is aimed at maintaining sufficient liquidity for the period of tax reporting and issuance of government bonds. 

    See also  10 interesting facts about money

    Related News

    Leave a Reply

    Your email address will not be published.

    Go up

    We use cookies to understand how you use our website and to improve your experience. This includes personalizing content and advertising. By continuing to use our site, you accept our use of cookies.