Central Bank Schedules Overnight Reverse Repo Operations for Late July and Early August
Stock News
Jul 24
China's central bank has announced plans to conduct overnight reverse repurchase agreements to better align with short-term liquidity demands in the banking system.
The People's Bank of China stated on July 24 that these operations will use a fixed interest rate and a quantity-based bidding method. The scheduled dates are July 29 through July 31, and August 3.
For the sessions from July 29 to July 31, a daily volume of 600 billion yuan will be offered. On August 3, the operation will involve 300 billion yuan.
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