Core Viewpoint - The People's Bank of China (PBOC) announced a 1.1 trillion yuan reverse repo operation to maintain ample liquidity in the banking system, indicating a proactive monetary policy stance [1] Group 1: Monetary Policy Actions - The PBOC will conduct a fixed-quantity, interest rate tender, multi-price bidding reverse repo operation of 1.1 trillion yuan on October 9, with a maturity of 3 months (91 days) [1] - In October, there will be 800 billion yuan of 3-month reverse repos maturing, meaning the PBOC's operation will result in a net increase of 300 billion yuan in reverse repos for the month [1] Group 2: Market Implications - The reverse repo operation signals a continued injection of liquidity into the market, reinforcing the use of quantitative policy tools [1] - This action is expected to facilitate the smooth issuance of government bonds and better meet the credit financing needs of enterprises and households [1]
中国人民银行将开展11000亿元买断式逆回购操作
Xin Hua Wang·2025-09-30 10:59