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Global Market: PBOC keeps new overnight repo rate at 1.25%, pumps in 600 billion yuan
China's central bank significantly boosted liquidity, injecting 600 billion yuan via overnight reverse repos, doubling Monday's debut. This move aims to ease month-end funding pressures for banks. The People's Bank of China maintained the borrowing cost at 1.25%, offering a new tool for fine-tuning short-term cash needs without altering broader monetary policy. This increased support signals a focus on stable money markets and economic activity.
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caixinglobal.com
China Debuts Overnight Reverse Repo, Keeps Rate Under Wraps
The omission suggests the tool aims to manage seasonal liquidity crunches rather than signal near-term policy shifts, analysts say
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cryptobriefing.com
China's central bank conducts debut overnight reverse repo operation without disclosing interest rate
The PBOC launched its first overnight reverse repo operation on June 29 without publishing the rate, signaling a shift in China's liquidity management
