The central bank conducted a 300 billion yuan outright reverse repurchase operation today

Today, the People’s Bank of China will conduct a 300 billion yuan outright reverse repurchase operation using fixed amount, interest rate bidding, and multiple price point winning methods, with a term of 91 days, approximately 3 months, maturing on August 5th of this year.
Outright reverse repurchase is an open market operation tool introduced by the People’s Bank of China, which refers to the central bank purchasing bonds from primary dealers (such as large commercial banks) and agreeing that the dealers will repurchase the same amount and type of bonds in the future, thereby injecting liquidity into the market.
(CCTV News)

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