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Govt and policies

Reverse repo operations continue

The People's Bank of China, the central bank, on Tuesday injected funds of 50 billion yuan ($7.31 billion) through open market operations to ease liquidity pressure. The PBOC said in a statement that it made the operations via seven-day reverse repos with an interest rate of 2.55 percent to offset the impacts from payment for new government bonds. The move followed net liquidity injection of 120 billion yuan via the same financial instrument on Monday. No previous reverse repos matured on Tuesday.