Economic TimesLean R·
Global Market: China's central bank expands liquidity toolkit with first-ever overnight reverse repos
China's central bank has introduced overnight reverse repo operations for the first time, injecting 300 billion yuan to manage liquidity. This move expands the People's Bank of China's toolkit for short-term funding. An additional 157.5 billion yuan was injected via seven-day reverse repos at an unchanged rate. Policymakers are carefully balancing economic support with financial stability, with markets keenly watching future PBOC actions.
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