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China Daily | Updated: 2019-08-13 07:25
PBOC resumes open market operations
The People's Bank of China, the central bank, resumed open market operations on Monday after a suspension for 14 trading days, injecting liquidity into the market. The central bank conducted 30 billion yuan ($4.27 billion) of seven-day reverse repos, a liquidity-injecting process in which the central bank purchases securities from commercial banks through bidding with an agreement to sell them back in the future. The interest rate for the operation remained at 2.55 percent, the central bank said in a statement.
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