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PBOC Launches RMB500B Outright Reverse Repo in Oct
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The People's Bank of China (PBOC) announced that, to maintain reasonable and ample liquidity in the banking system, it launched RMB500 billion outright reverse repo operations in October through fixed-quantity, interest rate bidding, and multiple price bidding methods, with a term of 6 months (182 days). The PBOC also added the "Announcement on Open Market Outright Reverse Repo Operations" section on its official website. The PBOC announced on Monday (28th) the immediate activation of the open market outright reverse repo operations facility. AAStocks Financial News |
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