China’s c. bank offers 214.9b yuan off reverse repo

By Nada Ali On Jun 4, 2025

Chinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a branch of a commercial bank in Beijing, China. Photo Credit: REUTERS

The People’s Bank of China (PBC) announced on Wednesday a seven-day 214.9-billion-yuan reverse repo at an interest rate of 1.40 per cent.

Reverse repo is a tool used by central banks to manage liquidity. The PBC purchases securities from commercial banks through a bidding process, with an agreement to resell them back in the future.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser