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Again: China's central bank injects 180 bln yuan into market

2020-6-24 12:26

BEIJING, June 24 (Xinhua) -- China's central bank on Wednesday pumped cash into the banking system via reverse repos to maintain liquidity.

With no reverse repos maturing Wednesday, the People's Bank of China injected a total of 180 billion yuan (about 25.5 billion U.S. dollars) into the market through seven-day reverse repos at an interest rate of 2.2 percent, according to a statement on the website of the central bank.

The move is intended to maintain stable liquidity in the banking system, the central bank said.

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.

China will pursue a prudent monetary policy in a more flexible and appropriate way, according to this year's government work report.

The country will use a variety of tools including required reserve ratio reductions, interest rate cuts, and re-lending to enable M2 money supply and aggregate financing to grow at notably higher rates than last year, said the report.

 

北京,6月24日(新华社)——中国央行周三通过逆回购向银行系统注入现金,以保持流动性。


根据央行网站上的一份声明,在周三到期的逆回购没有到期的情况下,中国人民银行以2.2%的利率通过7天逆回购向市场注入了总计1800亿元人民币(约255亿美元)。


央行表示,此举旨在保持银行体系流动性稳定。


逆回购是央行通过竞价从商业银行购买有价证券,并与商业银行达成未来再出售的协议的过程。


根据今年的政府工作报告,中国将实行更加灵活适度的稳健货币政策。


该报告称,中国将使用各种工具,包括降低存款准备金率、降息和再贷款,以使M2货币供应量和总融资的增长速度明显高于去年。

 

来自: xinhua