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2026-07-15 15:30:11
The People's Bank of China (PBOC) stated that to better meet the short-term liquidity management needs of the banking system and enhance the precision and effectiveness of money market regulation, at the end of June, it added overnight reverse repurchase operations to its open market operations, further enriching its toolbox. It also narrowed the interest rate range for temporary repurchase and reverse repurchase operations from 70 basis points to 50 basis points. In addition, it created a repurchase tool for overseas central banks to facilitate RMB liquidity management and RMB bond asset allocation for overseas central banks and similar institutions; the first operation was recently completed.
