Wire flash
China's central bank conducts 833.5 bln yuan overnight reverse repos
Editorial responsibility
- No named human review is recorded for this page.
- Source reporting is collected, normalized, translated or condensed automatically when needed.
- Automatically published source-backed update
The People's Bank of China (PBOC) announced on its open market operations that it conducted an 833.5 billion yuan (approximately $115 billion) overnight reverse repurchase agreement (repo) operation today. This large-scale liquidity injection is a routine tool used by the central bank to manage short-term cash levels in the banking system. The operation was disclosed via an official announcement, as reported by Reuters. The move comes amid ongoing efforts by Chinese authorities to support economic stability and ensure adequate funding for financial institutions. No further details on the interest rate or specific counterparties were provided in the brief notice.
Source report
The People's Bank of China (PBOC) announced today that it has conducted an overnight reverse repurchase (repo) operation in the open market, totaling 833.5 billion yuan.
Key Details:
- Operation Type: Overnight reverse repo
- Amount: 833.5 billion yuan (RMB)
- Source: Official PBOC announcement
Source
rtrsNeutral / independent
Part of this Story
PBOC injects net 127 billion yuan via overnight and 7-day reverse repo operations on Sept 30