Central Bank: Public market repurchase agreements will be used starting today
The central bank has decided to use open market operations through reverse repurchase agreements to maintain the liquidity of the banking system at a reasonable level and enrich the monetary policy toolkit. The operation targets primary dealers, with a principle of conducting it once a month for a term not exceeding 1 year. The repurchase targets include government bonds, local government bonds, financial bonds, and corporate credit bonds, and the results of the operation will be disclosed on the People's Bank of China official website
The Zhitong Finance APP learned that the central bank issued an announcement stating that in order to maintain the reasonable and adequate liquidity of the banking system, further enrich the central bank's monetary policy toolkit, it has decided to start using open market outright reverse repurchase operations tool from today. The operation targets primary dealers in the open market business, with the principle of conducting the operation once a month, with a term not exceeding 1 year. The repurchase targets include national bonds, local government bonds, financial bonds, corporate credit bonds, etc. The operation results will be disclosed to the public through the relevant section of the People's Bank of China official website.
This article is selected from the "People's Bank of China official website", edited by Xu Wenqiang from Zhitong Finance.