Central Bank to Conduct Overnight Reverse Repos from September 14-17, Capping Daily Operations at 600 Billion Yuan

Deep News
09/10

On September 10, the People's Bank of China issued a public market operations announcement. To better align with the short-term liquidity needs of the banking system, the central bank will carry out overnight reverse repurchase operations from September 14 to September 17.

These operations will use a fixed interest rate with quantity-based bidding, and the daily operational volume will not exceed 600 billion yuan.

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