The People's Bank of China (PBOC) conducted a 7-day reverse repurchase operation totaling 109.6 billion yuan, maintaining the interest rate at 1.5%. This operation was aimed at offsetting the impending maturity of 753.1 billion yuan in reverse repos. As a result, the central bank achieved a net withdrawal of 64.35 billion yuan for the day.
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Tag:·PBOC· 7-day reverse repurchase operation· interest rate· reverse repos
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