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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: China's central bank expands liquidity toolkit with first-ever overnight reverse repos

China PBOC

China's central bank on Monday launched overnight reverse repo operations for the first time, offering 300 billion yuan ($44.13 billion) to financial institutions as part of its liquidity management framework, according to an official statement reported by Reuters.

The People's Bank of China (PBOC) did not disclose the borrowing cost for the newly introduced overnight reverse repos.

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