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PBOC Surprises by Releasing No Rate on Debut Overnight Operation

PBOC Surprises by Releasing No Rate on Debut Overnight Operation
Bloomberg Markets Monday 29 June 2026, 01:41 UTC By Charlie Zhu, Wenjin Lv, Fran Wang, Yujing Liu 1 min read
Key Points

PBOC Surprises by Withholding Rate on Debut Overnight Operation China’s central bank held its debut overnight reverse repo operation without disclosing the rate of interest it charged on its new instrument, in a surprise move to traders awaiting guidance on borrowing costs. The People’s Bank of China said it conducted 300 billion yuan ($44 billion) of overnight reverse repurchase agreements in open market operations on Monday, according to a statement. It also provided 157.5 billion yuan of...

PBOC Surprises by Withholding Rate on Debut Overnight Operation China’s central bank held its debut overnight reverse repo operation without disclosing the rate of interest it charged on its new instrument, in a surprise move to traders awaiting guidance on borrowing costs. The People’s Bank of China said it conducted 300 billion yuan ($44 billion) of overnight reverse repurchase agreements in open market operations on Monday, according to a statement. It also provided 157.5 billion yuan of seven-day reverse repos at an unchanged rate of 1.4%.
Releasing No Rate on Debut Overnight Operation PBOC (ORG) The People’s Bank of China (ORG)
Originally published by Bloomberg Markets Read original →

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