China's central bank injects 1 billion yuan via 7-day reverse repos on Sep 8
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The People's Bank of China conducted 1 billion yuan of 7-day reverse repos at a fixed interest rate of 1.40% on Sep 8, fully meeting the demand of primary dealers, with both bid and winning volumes at 1 billion yuan. With 5 billion yuan of such repos maturing on the same day, the operation resulted in a net withdrawal of 4 billion yuan from the banking system.
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