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China Daily | Updated: 2016-09-14 07:09

Govts & policies

Central bank injecting funds

China's central bank resumed the use of a 28-day lending tool for the first time since February, lowering the interest rate as it injected funds into the financial system before a series of national holidays. The People's Bank of China auctioned 60 billion yuan ($9 billion) of reverse-repurchase agreements in open-market operations on Tuesday, reducing the rate to 2.55 percent from 2.6 percent on Feb 5.

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