China's PBOC to conduct $55.7-bn outright reverse repo operation today

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

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 a year.

This new option has enriched the country's monetary policy toolkit following the 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)