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PBOC loosens monetary policy further as it scraps repo sales

Seven-day repurchase rate falls 10 basis points to 3.22% in Shanghai; further cuts in interest rates seen
Friday, November 28, 2014 - 05:50

PBOC, which last suspended sales of repos in July as IPOs boosted cash demand, is expected to start injecting funds into the financial system next month using reverse-repurchase agreements.


CHINA'S central bank refrained from selling repurchase agreements for the first time since July, loosening monetary policy further as a report showed industrial companies' profits fell by the most in two years.

The People's Bank of China (PBOC) didn't conduct any open-

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