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Monday, October 11, 2021
China's central bank injects liquidity into market
Xinhua

China's central bank on Monday conducted 10 billion yuan (1.55 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system.

The interest rate for the 7-day reverse repos was set at 2.2 percent, according to the People's Bank of China.

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.

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