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China's central bank boosts liquidity via reverse repos, treasury deposits
China's central bank pumped 170 billion yuan (about 24.86 billion U.S. dollars) into the interbank system Tuesday, via two liquidity tools of reverse repos and fixed term treasury cash deposits. The People's Bank of China (PBOC) carried out 120 billion yuan of seven-day reverse repos at an interest rate of 2.5 percent. No reverse repos matured Tuesday. Besides, the PBOC channelled 50 billion yuan of funds into commercial banks via fixed term deposits of commercial banks for central treasury cash management. A reverse repo is a process in which the central bank purchases securities from commercial banks through ... (full story)