Business · Markets · 2 hrs ago

China’s central bank conducts 621 billion yuan overnight reverse repo

China’s central bank conducts 621 billion yuan overnight reverse repo

China’s central bank conducted a 621 billion yuan overnight reverse repo operation on November 3.

The operation was described as overnight, but no other terms were given.

The amount was 621 billion yuan.

The information does not explain the purpose of the operation or its expected effect.

It also gives no details about how the operation was carried out.

No further details were provided about what happens next.

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