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Topic Summary

Posted by: wool
« on: May 02, 2021, 05:10:05 AM »

hehh
Posted by: dukier
« on: February 23, 2021, 07:07:30 AM »

A Casselberry man won $2 million in a Mega Millions drawing subsequent to reference to Jan. 19, according to the Florida Lottery.
Posted by: yuanhu
« on: January 15, 2021, 05:06:02 PM »

China's National Bank injects 500 billion yuan through medium-term loan scheme

The People's Bank of China (PBOC) injected cash into the financial system through Open Market Operations (OMO) today to maintain liquidity in the market.

The Central Bank of China injects 500 billion yuan ($ 7.736 billion) into the market through a medium-term loan program (MLF), with a one-year redemption period at 2.95 percent interest rate.

Meanwhile, the Chinese central bank injects 2 billion yuan into the market via a seven-day reverse repos deal at 2.2% interest rates, with the move aimed at maintaining adequate liquidity in the system.

The Chinese central bank launched an MLF program in 2014 to help commercial and banking banks under the government's policy to maintain liquidity. By allowing these banks to borrow from central banks using collateral

The reverse repo is a process by which a central bank purchases securities from commercial banks in an agreement to sell them back in the future.

Xinhua news agency reported that The People's Bank of China pledges to implement a more prudent, targeted and flexible monetary policy to adapt to the needs of high-quality development. As well as paying more attention to the efficiency of financial services to support the real economy.

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