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MNI BRIEF:PBOC Starts Temporary OMO Tools To Adjust Liquidity

MNI (Singapore)
(MNi)Beijing
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The People’s Bank of China will conduct temporary repurchase operations to promote open market operations efficiency, according to a statement on its website on Monday.

The central bank will conduct temporary overnight repurchase or reverse repurchase operations as needed, from 16:00 to 16:20 pm Beijing time on trading days, using a fixed rate and quantity bidding method, the statement said.

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The People’s Bank of China will conduct temporary repurchase operations to promote open market operations efficiency, according to a statement on its website on Monday.

The central bank will conduct temporary overnight repurchase or reverse repurchase operations as needed, from 16:00 to 16:20 pm Beijing time on trading days, using a fixed rate and quantity bidding method, the statement said.

Keep reading...Show less