Group 1 - The People's Bank of China (PBOC) is injecting medium-term liquidity into the market through reverse repos, with a planned operation of 700 billion yuan for a 3-month term on November 5, 2025 [1] - This operation will offset the maturity of 700 billion yuan in 3-month reverse repos due this month, along with 300 billion yuan in 6-month reverse repos and 900 billion yuan in Medium-term Lending Facility (MLF) also maturing [1] - The PBOC has primarily utilized reverse repos and MLF operations for medium to long-term liquidity supply throughout the year [1] Group 2 - To maintain reasonable liquidity in the banking system and enhance its monetary policy toolkit, the PBOC introduced the reverse repo operation tool in October 2024 [1] - The operations are targeted at primary dealers in the open market and are intended to be conducted monthly, with a maximum term of one year [1]
央行：11月5日将开展7000亿元3个月期买断式逆回购操作
Sou Hu Cai Jing·2025-11-04 09:41