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PBOC put 70 billion yuan into seven-day reverse repos

Xinhua, June 2, 2016 Adjust font size:

The People's Bank of China (PBOC) put 70 billion yuan into seven-day reverse repos, a process by which central banks purchase securities from banks with an agreement to sell them back in the future.

The reverse repo was priced to yield 2.25 percent, according to a PBOC statement.

Meanwhile, reverse repos worth 75 billion yuan mature on Thursday. Endi