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المشهد العربي
Chinese Central Bank urges banks to tighten lending
The People's Bank of China directed government banks to reduce lending activities in the interbank market in an effort to curb declining borrowing costs and maintain the official interest rate. The recent directives have triggered a wave of improvement in the bond market, with 10-year bond yields rising to 1.75%, while the overnight repurchase agreement rate stood at 1.4%. This move is part of the bank's efforts to withdraw excess liquidity and regulate liquidity within the Chinese banking system.
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