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                    A pedestrian walks past the People’s Bank of China in Beijing on April 20.

                    2020年05月27日 20:56 来源于 财新网
                    After nearly two-month break, PBOC injects $18 billion into money market but leaves rate unchanged
                    A pedestrian walks past the People’s Bank of China in Beijing on April 20.

                    Rebuffing market expectations, China’s central bank has left an interest rate on reverse repurchase agreements unchanged when using the monetary policy tool after a nearly two-month hiatus.

                    The People’s Bank of China (PBOC) injected 130 billion yuan ($18.2 billion) into the money market via seven-day reverse repos on Tuesday (link in Chinese) and Wednesday (link in Chinese) with a 2.2% interest rate, the same rate as the previous repos on March 31 (link in Chinese). The agreements are a tool used by central banks to add to or reduce money supply via open market operations.

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