ICYMI, People’s Bank of China open market outright reverse repo operations facility

ICYMI, China’s central bank, the People’s Bank of China, has

• to use it to trade with
  primary dealers in open market operations on a monthly basis
• PBCO says it’ll maintain a “reasonable
  abundance of liquidity in the banking system and further enrich
  the central bank’s monetary policy toolbox”
• operations will be carried out once a month, with
  a tenor of less than one year

Media comment (Shanghai Securities News):

• New
  outright reverse repo will cover tenors including three-month and
  six-month
• New
  outright reverse repo to improve liquidity adjustments in year ahead
• Introducing
  new liquidity tool meant to better counteract maturing medium-term
  lending facility towards year-end

Earlier headline post:

• People’s Bank of China launches monthly reverse repo oerations to ensure liqudity

This article was written by Eamonn Sheridan at www.forexlive.com.