Lower borrowing costs for banks
(China Daily) Updated: 2012-05-04 13:45
Borrowing costs for Chinese banks dropped as the central bank injected cash into the financial system by offering reverse-repurchase agreements.
The People's Bank of China sold 65 billion yuan ($10.3 billion) of seven-day reverse-repo contracts on Thursday at 3.53 percent, according to a statement on its website.
China Daily - Agencies
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