People's Bank of China conducts 600 billion yuan reverse repo

The People's Bank of China announced the implementation of a direct reverse repurchase operation worth 600 billion yuan (approximately $88 billion) on Monday aimed at boosting liquidity in the banking system. The operation will be carried out over six months through auctions at various interest rates, according to the central bank’s statement. This move is a repetition of the same amount after three months following operations of a smaller scale, and it forms part of the liquidity management tools that the bank has been utilizing since October 2024.

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