Central Bank Schedules Overnight Reverse Repo Operations Across Late July and Early August

Deep News

07/24

Financial News – The People's Bank of China's Open Market Operations Office announced that, to better align with the short-term liquidity needs of the banking system, it will conduct overnight reverse repurchase operations on July 29, 30, 31, and August 3.

The operations will use a fixed interest rate and quantity-based bidding. A total of 600 billion yuan will be conducted each day from July 29 to July 31, with 300 billion yuan scheduled for August 3.

The announcement was made on July 24.

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