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Last Update: ،
2024/07/27
Time
12:12:55
Latest News:
Water Minister signs agreement to re-qualify two wells in Ataq
Minister of Info and tourism, Socotra deputy governor discuss reinvigorating tourist attraction to archipelago
Baggash meets with Regional Director of Norwegian Council for Refugees
Governor of Hadramout discusses with UNOPS projects in the governorate
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Latest News:
Water Minister signs agreement to re-qualify two wells in Ataq
Minister of Info and tourism, Socotra deputy governor discuss reinvigorating tourist attraction to archipelago
Baggash meets with Regional Director of Norwegian Council for Refugees
Governor of Hadramout discusses with UNOPS projects in the governorate
Saudi Arabia welcomes UN statement on government-Houthi deals regarding banking sector and Yemen airways
Chinese Central Bank injects 125 billion yuan into the financial market
[15/05/2023 09:16]
BEIJING-SABA
The People's Bank of China (the central bank) on Monday injected funds into the financial market with a total amount of 125 billion yuan (17.93 billion US dollars) through medium-term lending facilities (MLF) and reverse repo operations.
According to the Chinese news agency (Xinhua) "the central bank also conducted seven-day reverse repos worth 2 billion yuan at an interest rate of 2 percent".
The reverse repo operations known as a "reverse repo" are operations in which the central bank purchase securities from commercial banks through bidding, with an agreement to sell them back to them in the future.
The People's Bank of China (the central bank) on Monday injected funds into the financial market with a total amount of 125 billion yuan (17.93 billion US dollars) through medium-term lending facilities (MLF) and reverse repo operations.
According to the Chinese news agency (Xinhua) "the central bank also conducted seven-day reverse repos worth 2 billion yuan at an interest rate of 2 percent".
The reverse repo operations known as a "reverse repo" are operations in which the central bank purchase securities from commercial banks through bidding, with an agreement to sell them back to them in the future.
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