China’s central bank conducts reverse repos Friday
BEIJING, Feb. 7 (Xinhua) — China’s central bank conducted 183.7 billion yuan (about 25.62 billion U.S. dollars) of 7-day reverse repos at an interest rate of 1.5 percent on Friday. The move aims to keep liquidity in the banking system at an adequate level, the central bank said. A reverse repo is a process in…