PBOC conducts 45 billion yuan in seven-day reverse repos

(ECNS) -- The People's Bank of China (PBOC), China's central bank, conducted 45 billion yuan (about $6.3 billion) in seven-day reverse repurchase operations on Thursday through fixed-rate, quantity-based bidding, fully meeting demand from primary dealers, according to the central bank's website.

The interest rate remained unchanged at 1.40%.

(By Gong Weiwei)