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2025.10.0900:57:29UTC+00PBoC Conducts CNY 1.1 Trillion Outright Reverse Repo Operation

The People's Bank of China (PBoC) executed an outright reverse repo operation valued at CNY 1.1 trillion (approximately USD 154.8 billion) on Thursday, October 9. This move was aimed at ensuring sufficient liquidity within the country's banking sector. Utilizing a fixed-quantity, interest-rate bidding approach and multiple-price-level bidding method, the transaction bore a three-month term (91 days). With CNY 300 billion in three-month outright reverse repos set to mature this month, this operation resulted in a net increase of CNY 300 billion in outstanding three-month reverse repos for October. Outright reverse repo operations, which were introduced by the central bank in October 2024 as a liquidity management instrument, are conducted on a monthly basis and have a tenor of no more than one year.

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