*(CN) China's PBOC to add more overnight reverse repo instruments, effective on June 29th/30th, 2026
Move is to better handle short-term liquidity needs - Analysts believe the seven-day reverse repo rate will likely remain the main policy benchmark for now ** Follow up Insight: Jun 29th: China expected to introduce an overnight tenor into its open-market operations, a key step toward reshaping how it steers short-term borrowing costs.
SQUAWKNEWS4 updatesUpdated Jun 29, 2026, 01:40 AM UTC
Story updates
01:21:07 AM UTC
SQUAWKNEWS
Injects CNY#B v CNY232B at 1.40% v 1.40% prior **Reminder 24th June: (CN) China's PBOC to add more overnight reverse repo instruments, effective on June 29th/30th, 2026 - Move is to better handle short-term liquidity needs - Analysts believe the seven-day reverse repo rate will likely remain the main policy benchmark for now **Follow up Insight: On Jun 29th, 2026 China expected to introduce an overnight tenor into its open-market operations, a key step toward reshaping how it steers short-term borrowing costs.
01:23:05 AM UTC
SQUAWKNEWS
Injects CNY300B v no prior **Reminder 24th June: (CN) China's PBOC to add more overnight reverse repo instruments, effective on June 29th/30th, 2026 - Move is to better handle short-term liquidity needs - Analysts believe the seven-day reverse repo rate will likely remain the main policy benchmark for now **Follow up Insight: On Jun 29th, 2026 China expected to introduce an overnight tenor into its open-market operations, a key step toward reshaping how it steers short-term borrowing costs.
01:40:10 AM UTC
SQUAWKNEWS
Injects CNY158B v CNY232B at 1.40% v 1.40% prior - **Reminder 24th June: (CN) China's PBOC to add more overnight reverse repo instruments, effective on June 29th/30th, 2026 Analysts believe the seven-day reverse repo rate will likely remain the main policy benchmark for now **Follow up Insight: On Jun 29th, 2026 China expected to introduce an overnight tenor into its open-market operations, a key step toward reshaping how it steers short-term borrowing costs.
01:40:10 AM UTC
SQUAWKNEWS
Injects CNY300B v no prior - PBOC did not disclose overnight reverse repo rate. - ** Note: Today is the first day or the overnight reverse repos being offered - **Reminder 24th June: (CN) China's PBOC to add more overnight reverse repo instruments, effective on June 29th/30th, 2026 Analysts believe the seven-day reverse repo rate will likely remain the main policy benchmark for now **Follow up Insight: On Jun 29th, 2026 China expected to introduce an overnight tenor into its open-market operations, a key step toward reshaping how it steers short-term borrowing costs.
Injects CNY158B v CNY232B at 1.40% v 1.40% prior - - **Reminder 24th June: (CN) China's PBOC to add more overnight reverse repo instruments, effective on June 29th/30th, 2026 - Move is to better handle short-term liquidity needs - Analysts believe the seven-day reverse repo rate will likely remain the main policy benchmark for now - **Follow up Insight: On Jun 29th, 2026 China expected to introduce an overnight tenor into its open-market operations, a key step toward reshaping how it steers short-term borrowing costs.