(Xinhua) 11:30, March 25, 2024 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. |
Taiwan earthquake injuries top 1000, missing hotel workers foundPolice call Interpol, ask public to help identify clothes on woman found dead in Gulf HarbourLaw forcing Chief Ombudsman Peter Boshier to retire 'appears discriminatory'Orange heavy rain warnings still in place in south as bad weather moves northTens of thousands turn out for King Frederik's successionThreat of fire increasing concern for Christchurch Adventure ParkPure Tūroa gets 10Review: WOMAD artist lineIran vows revenge on Israel after Damascus embassy attackBlaze at abandoned building in Wellington