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PBoC launches short-term liquidity operations

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The People's Bank of China (PBoC) today (January 21) launched short-term liquidity operations that will grant the central bank greater flexibility to adjust liquidity levels in the financial system while circumventing its reserve requirement ratio.

The new short-term repurchase agreements (repos) will mainly be offered with maturity periods of less than seven days, and can be issued daily. Previously, the central bank offered repos on a bi-weekly basis, every Tuesday and Thursday, with

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