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

   2026-10-30 FMT 0
Core Tip: 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,

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%.
 
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