F.P. Report
BEIJING: China’s central bank continued to inject funds into the financial system through open market operations Wednesday.
The People’s Bank of China said it conducted 104 billion yuan (about 14.59 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.9 percent.
The move is aimed at keeping liquidity stable at the end of the month, 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. (APP)
Three people have been reported killed in the Democratic Republic of Congo’s (DR Congo) capital…
DOHA (AFP): The stranglehold on aid reaching Gaza threatens an "apocalyptic" outcome, the UN's humanitarian…
KYIV (AP): At least 10 people were reported killed in attacks in Ukraine’s war-ravaged northeast…
TAIPEI (AFP): They might have bigger fish to fry, but Taiwan's next president and vice…
LONDON: US and Iranian officials held talks in Oman last week aimed at reducing regional…
DUBAI (AP) : A helicopter carrying Iranian President Ebrahim Raisi suffered a “hard landing” on Sunday,…
This website uses cookies.