MIL-OSI China: Announcement on Open Market Operations No.190 [2024]

Source: Peoples Bank of China

Announcement on Open Market Operations No.190 [2024]

(Open Market Operations Office, September 24, 2024)

In order to keep liquidity adequate at a reasonable level in the banking system at quarter-end, the People’s Bank of China conducted reverse repo operations in the amount of RMB460 billion through quantity bidding at a fixed interest rate on September 24, 2024.

Details of the Reverse Repo Operations

Maturity

Volume

Rate

14 days

RMB460 billion

1.85%

Date of last update Nov. 29 2018

2024年09月24日

MIL OSI China News