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

12 ℃

Light Rain in Shanghai/Hongqiao

International

Section

Trying to avoid general call-up, Russia offering men cash to join army

MOSCOW, Russia: A new campaign has begun across Russia to attract badly needed recruits to replenish its troop numbers for ...

Security concerns behind proposed US ban of TikTok

WASHINGTON D.C.: US House of Representatives Speaker Kevin McCarthy has said that lawmakers will move forward on legislation aimed at ...

In first, US tribal university to offer PhD degree

CROWNPOINT, New Mexico: Navajo Technical University, located on the largest Native American reservation in the US, has become the first ...

Seven dead, ten injured after chocolate factory explodes

WEST READING, Pennsylvania: An explosion occurred at a chocolate factory in Pennsylvania, killing seven people and seeing ten staff members ...

US, Canada looks to close border roads to migrants

OTTAWA, Canada: US President Joe Biden and Canadian Prime Minister Justin Trudeau have announced a plan to close a loophole ...

Migrants found in hot Texas freight train; two die, 10 hospitalized

UVLADE, Texas: Texas police stopped a Florida-bound freight train this week and discovered two migrants had died in a freight ...

Asia Business

Section