China PBOC Open Market Operation (OMO): Sells CNY300B in 1-day Overnight Reverse Repos (first operations in this tenor) - Statement
Injects CNY300B v no prior at 1.25% 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 - 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.
Injects CNY300B v no prior at 1.25% 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 - 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.