Sunday 19 August 2018 ,
Sunday 19 August 2018 ,
Latest News
  • Movement for safe roads: 25 students get bail
  • Bangabandhu’s killer Rashed Chowdhury to be brought back: Law Minister
  • AL plotting to keep BNP away from election: Fakhrul
  • Multi-storey buildings to replace city slums: PM
  • Hills turn bloody: 31 killed since December last
19 July, 2018 00:00 00 AM
Print

China’s central bank continues to inject liquidity into market

Xinhua

China’s central bank continued to inject liquidity into the financial system through open market yesterday, reports Xinhua from Beijing.

The People’s Bank of China pumped 80 billion yuan (about 11.9 billion U.S.  dollars) into the market through reverse repos after injecting a total of 390 billion yuan with similar operations on Tuesday and Monday.

A reverse repo is a process by which the central bank bids and buys securities from commercial banks, with an agreement to sell them back in the future.

The central bank conducted 60 billion yuan of seven-day reverse repos at an interest rate of 2.55 percent and 20 billion yuan of 14-day reverse repos at 2.7 percent.

The central bank increasingly relies on open-market operations, rather than changes in interest rates or reserve requirement ratios, to manage liquidity in a more flexible and targeted manner.

 

Comments

Poll
Today's Question »
Awami League General Secretary Obaidul Quader yesterday said the opposition conspiracy to make gains mixing intruders into the peaceful movement of students and to wage again such a movement is still continuing. Do you agree?
 Yes
 No
 No Comment
Yes 3.5%
No 93.9%
No Comment 2.6%
Most Viewed
Digital Edition
Archive
SunMonTueWedThuFri Sat
01020304
05060708091011
12131415161718
19202122232425
262728293031

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting