Central Bank to Explore Increasing Overnight Reverse Repo Operation Frequency
Deep News
Jul 15
The People's Bank of China's spokesperson and Deputy Governor, Zou Lan, stated at a press conference on the 15th that the central bank will continue to steadily and orderly advance the reform and improvement of the monetary policy operational framework. The aim is to better guide the market's overnight interest rate to operate smoothly around the policy rate.
Furthermore, considering the needs of primary dealers, the central bank will explore gradually increasing the frequency of overnight reverse repurchase operations and will maintain effective communication with the market regarding these changes.
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