(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. |
Israel artist refuses to open Israel pavilion at Venice BiennaleQuinta Brunson, Niecy NashChina's first homegrown polar icebreaker Xuelong 2 to visit HKSAR in April'Love in Nanning' concert unites singles for a romantic eveningJorge Polanco and Mitch Haniger homer, power Mariners to a 9Chinese railways gear up for travel rush during Qingming festivalChina unveils plan to promote tradeOlivier Awards 2024: Beaming Sarah Snook reunites with Succession coPalestinian death toll in Gaza rises to 33,207: MinistryMental health review to follow Sydney stabbing attack: Australian PM