BEIJING, March 27 (Xinhua) -- China's central bank continued to inject funds into the financial system through open market operations on Monday.
The People's Bank of China said on its website that it has conducted 255 billion yuan (about 37.1 billion U.S. dollars) of seven-day reverse repos at an interest rate of 2 percent.
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. ■
