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Economic news

China central bank conducts 1.7 trln yuan of outright reverse repos in Jan

01/27/2025

Less than a minute

2025.01.27 04:40

SHANGHAI (Reuters) – China’s central bank said on Monday it conducted 1.7 trillion yuan of outright reverse repurchase agreements in January.

© Reuters. FILE PHOTO: Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File Photo

The People’s Bank of China (PBOC) said the repo operations aimed to “keep banking system liquidity reasonably ample”. The tenors of the repos for the month were 3 and 6 months.

Separately, the PBOC said it had not purchased or sold Chinese government bonds in open market operations in January.

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01/27/2025

Less than a minute