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PBOC to Launch RMB600B Outright Reverse Repo for 6 Mths Next Mon
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In order to maintain ample liquidity in the banking system, the People's Bank of China (PBOC) announced that it will launch next Monday (15th) an RMB600 billion outright reverse repo operation with a term of six months using a fixed quantity, interest rate bidding, and multiple price bidding method.

Related NewsExports YoY for August in China is 4.4%, lower than the previous value of 7.2%. The forecast was 5%.

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