Fashion
China’s central bank conducts $157-bn outright reverse repo operation
The operation was carried out with a fixed quantity through interest-rate bidding, with winning bids determined at multiple price levels and a maturity period of three months, according to a state-controlled news outlet.
As 1.1-trillion yuan of three-month outright reverse repos are set to mature in January, the latest move represents a rollover of the same amount.
The People’s Bank of China conducted a 1.1-trillion-yuan (~$157 billion) outright reverse repo operation yesterday to maintain sufficient liquidity in the banking system.
The operation was carried out with a fixed quantity through interest-rate bidding, with winning bids determined at multiple price levels and a maturity period of three months.
Outright reverse repo operations were introduced in October 2024 to manage liquidity in the national banking system and are carried out each month with a tenor of no more than a year.
Fibre2Fashion News Desk (DS)