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China’s Central Bank Has New Policy Tool to Manage Liquidity
China’s central bank is expanding its monetary policy toolkit to get a better handle on liquidity in the financial system as it seeks to add more levers for fine-tuning the economy. The People’s Bank of China will conduct so-called outright reverse repurchase agreements with primary dealers monthly for a timeframe of no more than a year, according to a statement Monday. The move is aimed at maintaining a reasonable level of liquidity in the banking system and enriching its toolkit for monetary policy, the PBOC said. A repo is a form of short-term borrowing used in money markets, which involve the purchase of a ... (full story)
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- Posted: Oct 27, 2024 10:58pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,969
