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China Daily | Updated: 2019-09-25 08:07
Central bank injects liquidity into market
China's central bank pumped 40 billion yuan ($5.6 billion) into the financial system on Tuesday. The People's Bank of China injected the liquidity through 14-day reverse repos at an interest rate of 2.7 percent. With no reverse repos maturing on Tuesday, this led to a net injection of 40 billion yuan. A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.
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