Business · Economy · 2 hrs ago

China’s central bank conducts 541 billion yuan overnight operation

China’s central bank conducts 541 billion yuan overnight operation

China’s central bank conducted an overnight reverse repo operation on Nov.

2.

The operation was valued at 541 billion yuan.

The announcement identifies it as an overnight transaction but gives no further details.

It does not state the reason for the operation or its terms.

The available information does not say what effect it may have on markets or the wider economy.

No next steps are specified.

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