Announcement on Open Market Business No.4 [2024]

(Open Market Operations Office, July 22, 2024)

To primary dealers of open market operations,

In order to improve the mechanism for open market operations, the 7-day reverse repo operations are to be conducted through quantity bidding at a fixed interest rate, effective from today. Meanwhile, to further strengthen counter-cyclical adjustments and enhance financial support for the real economy, the interest rate on 7-day reverse repo operations will be adjusted to 1.70 percent from the previous 1.80 percent, effective from today.

The notice is hereby released.