Central Bank Schedules Overnight Reverse Repo Operations for August 14 and 17-19

Deep News

08/12

The People's Bank of China plans to conduct overnight reverse repurchase operations on August 14 and from August 17 to August 19, according to a statement on its official website.

This move aims to better align with the short-term liquidity needs of the banking system. The operations will use a fixed interest rate and quantity-based bidding, with the daily operational volume not exceeding 600 billion yuan.

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