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PBOC adds liquidity via reverse repos

China's central bank conducted 2 billion yuan ($281 million) of seven-day reverse repos at an interest rate of 1.8 percent on Thursday. The move aims to keep liquidity reasonable and ample in the banking system, the People's Bank of China said. A reverse repo is a process in which the PBOC purchases securities from commercial lenders through bidding, with an agreement to sell them back in the future.

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