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China: Central bank inserts liquidity into marketplace
(MENAFN) China's central bank inserted cash into the fiscal system through open market operations on Monday, November 30, to preserve liquidity in the market.
According to the People's Bank of China, the central bank, a total of 200 billion yuan (about USD30.4 billion) was inserted into the marketplace using medium-term lending facility (MLF).
The finances will mature in one year at an interest ratio of 2.95 percent.
In the meantime, the central bank inserted 150 billion yuan into the marketplace through seven-day overturn repos at an interest ratio of 2.2 percent.
The central bank stated that the move was aimed to keep firm liquidity in the banking arrangement at the end of the month.
According to the People's Bank of China, the central bank, a total of 200 billion yuan (about USD30.4 billion) was inserted into the marketplace using medium-term lending facility (MLF).
The finances will mature in one year at an interest ratio of 2.95 percent.
In the meantime, the central bank inserted 150 billion yuan into the marketplace through seven-day overturn repos at an interest ratio of 2.2 percent.
The central bank stated that the move was aimed to keep firm liquidity in the banking arrangement at the end of the month.
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