China's central bank continues to add liquidity via operations

Xinhua
15 Mar 2023, 14:44 GMT+10

BEIJING, March 15 (Xinhua) -- China's central bank on Wednesday added liquidity to the banking system via operations of medium-term lending facility (MLF) and reverse repos.

The People's Bank of China (PBOC) injected 481 billion yuan (about 70.03 billion U.S. dollars) into the market through one-year MLF with an interest rate of 2.75 percent.

The central bank also conducted 104 billion yuan of seven-day reverse repos at an interest rate of 2 percent.

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.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Shanghai Sun.

More Information

25 ℃

Mostly Cloudy in Shanghai/Hongqiao

International

Section

Five receive death sentence for allegedly killing six police officers two years ago

YANGON, Myanmar - A regime court sentenced to death five people detained for their alleged involvement in a deadly August ...

Connecticut governor to sign strict gun measure

HARTFORD, Connecticut: Following a state Senate debate and vote to approve Connecticut's most comprehensive gun legislation since the laws put ...

160-year-old Mass. church called 'total loss" after lightning strike

SPENCER, Massachusetts: Spencer, Massachusetts Fire Chief Robert Parsons has said that a June 2 fire that burned down a 160-year-old ...

Russia says journalists from 'unfriendly' country cannot cover forum

MOSCOW, Russia: Journalists from countries that are "unfriendly" to Russia will be banned from covering this year's St. Petersburg International ...

Experts teach California owners how to burn fields to stop wildfires

SAN FRANCISCO, California: Landowners in California participated this week in a class organized by the El Dorado Amador Prescribed Burn ...

Palestinian boy, 2, dies in hospital after being shot by Israeli army snipers

RAMALLAH, Wet Bank - A two-and-a-half-year-old Palestinian boy shot in the head by Israeli troops has died in hospitalThe boy, ...

Asia Business

Section