PBOC Conducts Overnight Reverse Repo as Policy Anchor Shifts

The People's Bank of China began daily overnight reverse repurchase operations on Monday as part of a revised liquidity framework. The overnight reverse repo tool will serve as the central bank's primary short-term policy instrument. The PBOC previously used the medium-term lending facility as its main policy anchor.

• Bloomberg — PBOC Conducts Overnight Reverse Repo as Policy Anchor Shifts

Next story