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BEIJING, July 22 (Xinhua) – The Chinese central bank on Monday injected liquidity into the financial system through open market operations in order to maintain market liquidity.
The People's Bank of China (PBOC) made a seven-day repo of 50 billion yuan (about 7.27 billion US dollars), a process of injecting liquidity in which the central bank buys securities from commercial banks by auction, with a sales agreement. in the future.
The interest rate of the transaction is set at 2.55%, revealed a statement from the PBOC.
No reverse repurchase agreements expired on Monday.
China is committed to maintaining its prudent monetary policy "neither too restrictive nor too flexible" while maintaining the liquidity of the market at a reasonably sufficient level in 2019.
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