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China's central bank conducts 460 billion Yuan of reverse repo

[24/09/2024 11:35]

BEIJING-SABA
The People's Bank of China (PBOC) conducted today, Tuesday, 14-day reverse buybacks worth 460 billion Yuan (about 65.24 billion U.S. dollars) at an interest rate of 1.85 percent.

According to the bank, the move aims to maintain reasonable and ample liquidity in the banking system at the end of the quarter.