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Published 1 month ago

The Chinese central bank pumps 21.14 billion dollars into the banking system.

Summary by 3yonnewsi

CCTV: Today Friday, the People's Bank of China (the central bank) conducted a reversal repurchase operation for seven days, with a value of 150 billion yuan (approximately 21.14 billion dollars), at a 1.8% interest rate. This step aims to maintain stability in the monetary system at the end of...

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The Chinese central bank pumps 21.14 billion dollars into the banking system.

CCTV: Today Friday, the People's Bank of China (the central bank) conducted a reversal repurchase operation for seven days, with a value of 150 billion yuan (approximately 21.14 billion dollars), at a 1.8% interest rate. This step aims to maintain stability in the monetary system at the end of...

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