PBOC put 70 billion yuan into seven-day reverse repos
Updated: 2016-06-02 15:32
(Xinhua)
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BEIJING - The People's Bank of China (PBOC) put 70 billion yuan ($10.65 billion)into seven-day reverse repos, a process by which central banks purchase securities from banks with an agreement to sell them back in the future.
The reverse repo was priced to yield 2.25 percent, according to a PBOC statement.
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