China’s PBOC conducts $98.11-bn outright reverse repo operation today
The operation will carry a three-month tenor and will be conducted using a fixed-quantity, interest-rate-bidding and multiple-price-bidding method, according to a statement issued by the People’s Bank of China (PBOC).
China’s central bank yesterday announced it will conduct a 700-billion-yuan (~$98.11 billion) outright reverse repo operation today to maintain ample liquidity in the banking system.
The operation will carry a three-month tenor and will be conducted using a fixed-quantity, interest-rate-bidding and multiple-price-bidding method.
Outright reverse repo operations were introduced in October 2024.
Outright reverse repo operations, a tool the central bank introduced in October 2024 to manage liquidity, are carried out once each month with a tenor of no more than 12 months.
This has enriched the country’s monetary policy toolkit following the earlier introduction of temporary repos, temporary reverse repos and the buying and selling of treasury bonds, a state-controlled news agency reported.
Fibre2Fashion News Desk (DS)
