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الاقتصادية
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الاقتصادية

2026-11-02T06:18:38.399Z

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China adopts rate anchor

China adopts rate anchor

The People’s Bank of China adopted the overnight reverse repo rate as the main anchor of its monetary policy, replacing the seven-day rate and linking to it the other instruments that had been tied to the previous rate. In the first regular operation under the revised framework, it conducted transactions worth 541 billion yuan at an interest rate of 1.25%, resulting in a net withdrawal of 515 billion yuan from the banking system.

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