reverse repurchase 逆回購

reverse repurchase
繁：逆回購
简：逆回购

所謂的回購（repurchase），即再次買回來的意思，是把一種證券賣出，再於一個協議的時間後買回來，逆回購（reverse repurchase）則是完全相反的操作，把證券買回來再賣出去，兩者目的是控制市場的流動性。

那麼兩種操作，哪一種才算是放水呢？其實只視乎站在甚麼角度來看。以內地為例，人民銀行進行逆回購，是站在自己的角度出發，向交易商購買證券再賣出，變相於過程中向市場注資。

吳愷媛（2013年9月25日）。中美逆回購 一放水一抽水，香港經濟日報，A06版。

China’s central bank unexpectedly lowered the interest rates on reverse repurchase agreements by 10 basis points on Monday, as authorities stepped up measures to relieve pressure on the economy from a rapidly spreading virus outbreak.

China central bank unexpectedly cuts reverse repo rates to help economy as virus spreads. (2020, February 3). Reuters. Retrieved from https://www.reuters.com/article/us-china-markets-rates/china-central-bank-unexpectedly-cuts-reverse-repo-rates-to-help-economy-as-virus-spreads-idUSKBN1ZX05X