Core Viewpoint - The People's Bank of China (PBOC) is set to conduct a 600 billion yuan reverse repo operation on October 15, 2025, to maintain ample liquidity in the banking system, marking the fifth consecutive month of increased reverse repo operations [1] Group 1: Reverse Repo Operations - The PBOC will implement a fixed quantity, interest rate bidding, and multiple price level bidding method for the 600 billion yuan reverse repo operation, with a term of 6 months (182 days) [1] - This operation follows the maturity of 500 billion yuan in 6-month reverse repos in October, resulting in a net increase of 100 billion yuan in reverse repos for the month [1] - The reverse repo tool was introduced in October 2024, allowing the PBOC to provide medium to long-term funds in addition to daily 7-day reverse repo operations based on primary dealer demand [1] Group 2: Market Liquidity Management - The buyout reverse repo allows the PBOC to adjust market liquidity in a more timely and precise manner [1]
央行开展6000亿元买断式逆回购操作
Sou Hu Cai Jing·2025-10-15 00:28