Today: July 15, 2024
Today: July 15, 2024

Why does China's central bank have a new cash management tool?

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Paramilitary police officers stand guard in front of the headquarters of PBOC in Beijing
July 11, 2024
Reuters

SHANGHAI (Reuters) - China's central bank introduced a new cash management tool this week in the form of temporary bond repurchase (repo) agreements and reverse repos, adding to its various open market operations and creating what could become an important interest rate indicator.

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