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China Daily | Updated: 2019-01-31 07:31
Govt and policies
Central bank conducts more reverse repos
The People's Bank of China, the central bank, on Wednesday boosted liquidity in the banking system by 50 billion yuan ($7.46 billion) through reverse repos. The operation was made through 14-day reverse repos at an interest rate of 2.7 percent, the PBOC said on its website. The PBOC said that it conducted the operation to maintain reasonable and sufficient liquidity in the banking system.
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