China's PBOC to conduct $141.4-bn outright reverse repo operation

The operation, with a tenor of 91 days, will be carried out with a fixed quantity through interest-rate bidding, with winning bids determined at multiple price levels, a state-controlled media outlet reported.

Outright reverse repo operations—a tool the People’s Bank of China (PBOC) introduced in October 2024 to manage liquidity in the national banking system—are carried out each month with a tenor of no more than one year.

ALCHEMPro News Desk (DS)