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الاقتصادية
China halts one-night lending rate
The People's Bank of China conducted its first overnight reverse repurchase operation without announcing the interest rate, amounting to 300 billion yuan ($44 billion), amid expectations of a possible rate around 1.35%. This new tool aims to manage liquidity and ease seasonal funding pressures, enhancing the bank's control over short-term borrowing costs, while monitoring the market to assess its impact on interest rates.
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