China PBOC Open Market Operation (OMO): Sells CNY100B in 7-day Reverse Repos; Net # CNY#B v drains CNY155B prior
Injects CNY100B v CNY69.5B 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.
Injects CNY100B v CNY69.5B 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.