China’s central bank conducts 10 bln yuan of reverse repos

BEIJING: AUGUST 9 – China’s central bank on Monday conducted 10 billion yuan (1.54 billion U.S. dollars) of reverse repos to maintain reasonably ample liquidity in the banking system.

The interest rate for the seven-day reverse repos was set at 2.2 per cent, according to a statement on the website of the People’s Bank of China.