Central Bank: Starting from today, the open market 14-day reverse repurchase operation will be adjusted to a fixed quantity, interest rate tender, and multiple price bid.
Announcement from the People's Bank of China: In order to maintain the liquidity of the banking system and better meet the diverse funding needs of different participating institutions, starting from today, the 14-day reverse repurchase operations in the open market will be adjusted to a fixed quantity, interest rate bidding, and multiple-price bidding. The timing and scale of operations will be determined according to liquidity management needs.
On September 19th, the People's Bank of China announced that in order to maintain ample liquidity in the banking system and better meet the diverse funding needs of different participating institutions, starting from today, the 14-day reverse repurchase operations in the open market will be adjusted to fixed quantity, rate tender, and multiple price bids. The operation time and scale will be determined according to liquidity management needs.
This article is excerpted from the official website of the People's Bank of China, edited by GMTEight: Liu Jiayin.
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