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PBOC Adjusts 14-Day Reverse Repo in Open Mkt to Fixed Amount/ Rate Tendering/ Multiple Price Bidding Tdy
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The People's Bank of China (PBOC) announced in its open market operations notice that, to maintain ample liquidity in the banking system and better meet the differentiated funding needs of various participating institutions, the 14-day reverse repo operations in the open market will be adjusted to a fixed amount, interest rate tendering, and multiple price bidding starting today. The operation time and scale will be determined based on liquidity management needs. AAStocks Financial News |
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