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China’s central bank on Tuesday resumed cash injection via seven-day reverse repos after skipping the operation for almost two months.
The People’s Bank of China (PBOC) injected 10 billion yuan via seven-day repos to “keep banking system liquidity reasonably ample” and maintained the rate used in the reverse repo unchanged at 2.20 per cent, it said in a statement.
With no reverse repos maturing on Tuesday, the central bank injected a net 10 billion yuan into the interbank money market on the day.
The move came after the . . .
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