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Liquidity move from China

The People’s Bank of China lowered the 14-day reverse repo rate. It gave 10 billion yuan to the market.

The People’s Bank of China lowered the 14-day reverse repo rate and increased the liquidity it provided to the market to meet the increasing liquidity demand towards the end of the quarter.

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The Chinese Central Bank, which held a 14-day reverse repo operation for the first time since January, gave 10 billion yuan to the market and lowered the interest rate from 2.25 percent to 2.15 percent.

The bank also provided 2 billion yuan to the market with a 7-day reverse repo operation.

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