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PBOC Conducts Overnight Reverse Repo as Policy Anchor Shifts

Bloomberg Markets Monday 02 November 2026, 01:39 UTC By Iris Ouyang 1 min read
Key Points

PBOC Conducts Overnight Reverse Repo as Policy Anchor Shifts China’s central bank launched daily overnight reverse repurchase operations on Monday, kicking off a revamped liquidity framework that establishes the short-term tool as its primary policy anchor. The People’s Bank of China conducted 541 billion yuan ($81.3 billion) overnight reverse repurchases on Monday at 1.25%. After accounting for maturing reverse repos, it resulted in a net withdrawal of 515 billion yuan from the banking...

PBOC Conducts Overnight Reverse Repo as Policy Anchor Shifts China’s central bank launched daily overnight reverse repurchase operations on Monday, kicking off a revamped liquidity framework that establishes the short-term tool as its primary policy anchor. The People’s Bank of China conducted 541 billion yuan ($81.3 billion) overnight reverse repurchases on Monday at 1.25%. After accounting for maturing reverse repos, it resulted in a net withdrawal of 515 billion yuan from the banking system, according to Bloomberg calculations.
Policy Anchor Shifts PBOC (ORG) China (LOCATION) The People’s Bank of China (ORG) Bloomberg (ORG)
Originally published by Bloomberg Markets Read original →

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