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PBOC to Conduct RMB400B Outright Reverse Repo Next Mon with 182-Day Term
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To maintain ample liquidity in the banking system, the People's Bank of China (PBOC) will conduct a RMB400 billion outright reverse repo operation next Monday (16th) using a fixed quantity, interest rate bidding, and multiple price bidding method, with a term of 6 months (182 days), the PBOC announced.

Related NewsImports YoY for May in China is -3.4%, lower than the previous value of -0.2%. The forecast was -0.9%.

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