ICYMI, China’s central bank, the People’s Bank of China, has
to use it to trade with
primary dealers in open market operations on a monthly basisPBCO says it’ll maintain a “reasonable
abundance of liquidity in the banking system and further enrich
the central bank’s monetary policy toolbox”operations will be carried out once a month, with
a tenor of less than one year
Media comment (Shanghai Securities News):
New
outright reverse repo will cover tenors including three-month and
six-monthNew
outright reverse repo to improve liquidity adjustments in year aheadIntroducing
new liquidity tool meant to better counteract maturing medium-term
lending facility towards year-end
Earlier headline post:
People’s Bank of China launches monthly reverse repo oerations to ensure liqudity
This article was written by Eamonn Sheridan at www.forexlive.com.
