China’s central bank conducts 10 bln yuan of reverse repos
ISLAMABAD: China’s central bank Monday conducted 10 billion yuan (about 1.57 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system. The interest rate for the 7-day reverse repos was set at 2.1 percent, according to the People’s Bank of China. The move aims to keep the liquidity in the banking system […]
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