Cen­tral bank drains 10b yuan from mar­ket

China Daily (USA) - - BUSINESS -

China’s cen­tral bank drained 10 bil­lion yuan ($1.45 bil­lion) from the mar­ket on Tues­day. This marks the fourth con­sec­u­tive day that the Peo­ple’s Bank of China has done so. On Tues­day, the cen­tral bank con­ducted 90 bil­lion yuan in seven-day re­verse re­pos, 70 bil­lion yuan in 14-day re­verse re­pos and 30 bil­lion yuan in 28-day re­verse re­pos.

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