Economic TimesLean R·
Global Market: PBOC keeps new overnight repo rate at 1.25%, pumps in 600 billion yuan
China's central bank significantly boosted liquidity, injecting 600 billion yuan via overnight reverse repos, doubling Monday's debut. This move aims to ease month-end funding pressures for banks. The People's Bank of China maintained the borrowing cost at 1.25%, offering a new tool for fine-tuning short-term cash needs without altering broader monetary policy. This increased support signals a focus on stable money markets and economic activity.
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