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Post by bot on Jan 19, 2012 0:41:17 GMT -5
China injects $29 billion short-term liquidity:rpt from MarketWatch.com - MarketPulse HONG KONG (MarketWatch) -- The People's Bank of China reportedly offered 183 billion yuan ($29 billion) of 14-day reverse repurchase agreements on Thursday, easing liquidity conditions ahead of the Lunar New Year holidays and sharply lowering borrowing costs in the short-term money markets. Thursday's liquidity injection by the central bank comes on top of a 169 billion yuan reverse repo operation Tuesday. The interbank seven-day weighted average repo fell to 5.96% Thursday from a seven-month high of 7.72% late Wednesday, according to a Dow Jones Newswires report.
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