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PBoC Withdraws RMB 84b from Market
The People's Bank of China (PBoC) drained a net of RMB 84 billion from money markets in its regular open market operations this week, licai18.com reported July 29.
The central bank sold three-month bills worth a total of RMB 22 billion at the rate of 1.5704% on Thursday, July 29, according to an announcement on its website, unchanged from last week. The central bank also offered three-year bills worth RMB 85 billion at the rate of 2.65%, the same rate as at last issue on July 14.
On Tuesday, July 27, the central bank sold RMB 23 billion in one-year notes at the rate of 2.0929%, the same rate as last week, according to a separate report on its website.
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