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Chinese central bank injects 182 billion Yuan of liquidity into banking system

[29/09/2024 11:39]

BEIJING-SABA
The People's Bank of China (PBOC) conducted today, Sunday, seven-day reverse repo operations worth 182 billion Yuan (about 25.96 billion U.S. dollars) at an interest rate of 1.5 percent.

The bank said the move aims to maintain reasonable and ample liquidity in the banking system at the end of the third quarter of this year.