China's central bank to conduct $85-bn outright reverse repo operation

The operation will be carried out with a fixed quantity through interest-rate bidding, with winning bids determined at multiple price levels. It will have a tenor of six months, or 182 days.

This move represents a net injection of liquidity, as 400 billion yuan of similar six-month outright reverse repos are set to mature in December.

This marks the seventh consecutive month that the PBOC has expanded its outright reverse repo operations, according to a state-controlled media outlet.

Outright reverse repo operations, introduced in October 2024, are carried out each month with a tenor of no more than a year.

ALCHEMPro News Desk (DS)