Announcement on Open Market Operations No.186 [2024]
(Open Market Operations Office, September 18, 2024)
In order to offset the impact of factors such as the medium-term lending facility (MLF) and the open market reverse repo maturity, and to keep liquidity adequate at a reasonable level in the banking system, the People’s Bank of China conducted reverse repo operations in the amount of RMB568.2 billion through quantity bidding at a fixed interest rate on September 18, 2024.
Details of the Reverse Repo Operations
Maturity |
Volume |
Rate |
7 days |
RMB568.2 billion |
1.70% |
The MLF due today will be renewed on 25 September, 2024.