China's central bank to conduct temporary bond repurchase operations in afternoon to tighten short-term interest rate control.
China's central bank, the People's Bank of China, will conduct temporary bond repurchase or reverse repurchase operations in the afternoon, in addition to the traditional morning operations, to tighten control over short-term interest rates. Operations will depend on market conditions and will take place between 4 pm and 4:20 pm each working day. This move aims to ensure reasonable and sufficient liquidity in the banking system, and improve the precision and effectiveness of open market operations.
July 08, 2024
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