Source: Peoples Bank of China
Announcement on Open Market Operations No.189 [2024]
(Open Market Operations Office, September 23, 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 7-day and 14-day reverse repurchase operations in the amount of RMB160.1 billion yuan and RMB74.5 billion through quantity bidding at a fixed interest rate on September 23, 2024, respectively. The rate on open market 14-day reverse repurchase operations equals that on the open market 7-day reverse repurchase operations plus 15 basis points. The details are as follows:
Details of the Reverse Repo Operations
|
Maturity |
Volume |
Rate |
|
7 days |
RMB160.1 billion |
1.70% |
|
14 days |
RMB74.5 billion |
1.85% |
Date of last update Nov. 29 2018
2024年09月23日