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China’s central bank steps up shift toward overnight rate as policy anchor

Effective Monday, the People's Bank of China will carry out the overnight operations through a fixed-rate, quantity-based tender on each business day, with the operating rate currently at 1.25%.

China’s central bank steps up shift toward overnight rate as policy anchor

We haven't written up this one. Free Malaysia Today has the full story — the link below goes straight to it.

Read the original at freemalaysiatoday.com →

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