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China Daily | Updated: 2015-08-26 07:24
Governments and policies
PBOC pumps $23.4b more into market
The People's Bank of China said on Tuesday that it has pumped the most funds into the financial system in open market operations since January 2014, amid efforts to ease a liquidity strain. The PBOC conducted 150 billion yuan ($23.4 billion) of seven-day reverse repurchase agreements, a process in which central banks buy securities from banks with an agreement to resell them in future. The reverse repo was priced to yield 2.5 percent.
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