PBOC Sells 50 Billion Yuan of 14-Day Reverse Repo at 2.35%

The People’s Bank of China sold 50 billion yuan ($7.7 billion) of 14-day reverse repurchase agreements at a yield of 2.35%.

The operation was aimed at ensuring liquidity is stable before the Lunar New Year holiday starting Feb. 11, the central bank said in a statement.

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