Announcement of Open Market Operations No.18 [2020]
(Open Market Operations Office, February 3, 2020)
In order to offset the impact of the maturing of reverse repos and the concentrated maturing of financial market products, and to maintain reasonable and adequate liquidity in the banking system during the period of epidemic prevention and control, the People’s Bank of China conducts reverse repo operations in the amount of RMB1.2 trillion through interest rate bidding on February 3, 2020.
Details of the Reverse Repo Operations
Maturity |
Volume |
Interest Rate |
7 days |
RMB900 billion |
2.40% |
14 days |
RMB300 billion |
2.55% |
The People’s Bank of China will continue to pay close attention to market liquidity during the period of epidemic prevention and control to ensure adequate liquidity supply.
