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CNY News

This is a discussion on CNY News within the Analytics and News forums, part of the Trading Forum category; China's central bank reduced its 14-day reverse repurchase rate marginally on Wednesday after cutting the short-term 7-day repo rate a ...

      
   
  1. #221
    Senior Member TheNews's Avatar
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    China Cuts 14-day Reverse Repo Rate

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    China's central bank reduced its 14-day reverse repurchase rate marginally on Wednesday after cutting the short-term 7-day repo rate a month ago. The People's Bank of China lowered its rate on 14-day reverse repo to 2.65 percent from 2.7 percent. The central bank also injected CNY 200 billion into the financial system via reverse repurchase agreements.

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  2. #222
    Senior Member mlawson71's Avatar
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    The police in Kuala Lumpur have arrested 87 Chinese national, working for a crime syndicate, which operated an online investment, forex and crypto currency scam.

    The 79 men and 8 women were caught red handed using online applications to find victims and to lure them to invest in crypto currencies and forex trading.

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