China’s PBOC to conduct $140.74 bn outright reverse repo operation
The operation will have a tenor of 91 days and will be conducted using a fixed-quantity, interest-rate-bidding and multiple-price-bidding method, the central bank said in a statement.
The People’s Bank of China yesterday said it will conduct a 1-trillion-yuan (~$140.74 billion) outright reverse repo operation today to maintain ample liquidity in its banking system.
The operation will have a tenor of 91 days and will be conducted using a fixed-quantity, interest-rate-bidding and multiple-price-bidding method, the central bank said in a statement.
Outright reverse repo operations—a tool introduced in October 2024 to manage liquidity in the national banking system—are carried out once each month with a tenor of no more than a year.
These operations have enriched the country’s monetary policy toolkit following its earlier introductions of temporary repos, temporary reverse repos, and the buying and selling of treasury bonds, a state-controlled news agency reported.
Fibre2Fashion News Desk (DS)
