Announcement on Open Market Operations No.27 [2021]
(Open Market Operations Office, February 8, 2021)
As the Spring Festival is coming, the demand for cash withdrawals of residents is significantly lower as compared with previous years, while fiscal expenditure is increasing considerably. In order to maintain stable liquidity conditions before the Spring Festival, the People’s Bank of China (PBC) conducted reverse repo operations in the amount of RMB110 billion through rate-bidding on February 8, 2021.
Details of the Reverse Repo Operations
Maturity |
Volume |
Rate |
7 days |
RMB110 billion |
2.20% |
Date of last update
Nov. 29 2018
