Chinese Central Bank Absorbs 150 bln Yuan From Market
China’s central bank drained 150 billion yuan (around 21.7 billion U.S. dollars) from the market Wednesday. The central bank conducted 30 billion yuan in seven-day reverse repos, 20 billion yuan in 14-day reverse repos and 20 billion yuan in 28-day reverse repos. A reverse repo is a process where central banks purchase securities from banks, […]
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