Update: Chinese central bank shifts policy rate anchor to overnight
China National Newsvia NewsData.io
BEIJING, Nov. 2 (Xinhua) -- China's central bank on Monday changed its main policy rate from the seven-day reverse repo rate to the overnight reverse repo rate as it conducted 541 billion yuan (about 80.6 billion U.S. dollars) of overnight reverse repos. The People's Bank of China (PBOC) conducted this operation at an interest rate of 1.25 percent through fixed-rate, quantity-based bidding. It was the first opera
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