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PBOC to Conduct RMB900B Outright Reverse Repo Tmr
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The People's Bank of China (PBOC) announced that it will conduct an RMB900 billion outright reverse repo tomorrow (15th) using a fixed quantity, interest rate bidding, and multiple price auction method, so as to maintain ample liquidity in the banking system. The term will be six months (181 days). AASTOCKS Financial News Website: www.aastocks.com |
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