China's central bank conducts 30b yuan of reverse repos
Xinhua | Updated: 2021-06-29 12:14
![](http://img2.chinadaily.com.cn/images/202106/29/60da9e34a310efa1e3aae866.jpeg)
BEIJING - China's central bank Tuesday conducted 30 billion yuan ($4.65 billion) of reverse repos to maintain stable liquidity at the end of the half year.
The interest rate for the seven-day reverse repos was set at 2.2 percent, according to a statement on the website of 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.
Related Stories