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China's PBOC introduces new liquidity tool ‘outright reverse repos’

Oct 29, 2024

China's PBOC introduces new liquidity tool ‘outright reverse repos’

Insights
  • The People's Bank of China recently incorporated a new liquidity tool called outright reverse repos into its monetary policy to keep liquidity reasonable and ample in the domestic banking system.
  • It will use these to trade with primary dealers in open market operations.
  • The tool is expected to better offset the concentrated maturity of the medium-term lending facility before the end of the year.
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