China's PBOC conducts $98.11-bn outright reverse repo operation today

The operation will carry a three-month tenor and will be conducted using a fixed-quantity, interest-rate-bidding and multiple-price-bidding method, according to a statement issued by the People's Bank of China (PBOC).

Outright reverse repo operations, a tool the central bank introduced in October 2024 to manage liquidity, are carried out once each month with a tenor of no more than 12 months.

This has enriched the country's monetary policy toolkit following the earlier introduction of temporary repos, temporary reverse repos and the buying and selling of treasury bonds, a state-controlled news agency reported.

ALCHEMPro News Desk (DS)