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PBOC Mounts RMB302.1B Reverse Repo Today, Net Withdrawal of RMB105.4B
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The People's Bank of China (PBOC) conducted a seven-day reverse repo today (25th) amounting to RMB302.1 billion with the operation rate remaining unchanged at 1.4%. Today, RMB407.5 billion of reverse repos matured, resulting in a net withdrawal of RMB105.4 billion. To maintain ample liquidity in the banking system, the PBOC simultaneously conducted a RMB1 trillion Medium-term Lending Facility (MLF) operation with a fixed amount, interest rate bidding, and multiple price bidding method, for a one-year term, exceeding the amount maturing this month by RMB100 billion. AASTOCKS Financial News Website: www.aastocks.com |
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