Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People's Republic of China – State Council News
BEIJING, Aug. 15 (Xinhua) — The People's Bank of China (PBOC, the central bank) announced on Friday that it will conduct a 500 billion yuan (about 70 billion U.S. dollars) direct reverse repo operation to maintain sufficient liquidity in the country's banking system.
The operation will be carried out over six months /182 days/ using the fixed volume method and a competitive interest rate tender, the NBC said in a statement.
For Wang Qing, chief macro analyst at Golden Credit Rating, the deal will help inject liquidity in the medium term, sending a signal of a consistent strengthening of quantitative monetary policy instruments.
The direct reverse repo operation is a tool introduced by the Central Bank in October 2024 to manage liquidity in the country's banking system, carried out once a month for a period of no more than one year. -0-
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.
.