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PBOC Conducts RMB 1 Billion Seven-Day Reverse Repo At 1.4%

08/09 09:36

The People's Bank of China conducted RMB 1 billion of seven-day reverse repo operations at an unchanged rate of 1.4% today, according to ETNet. With RMB 5 billion of reverse repos maturing today, the central bank recorded a net drain of RMB 4 billion from the open market.

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