EconomyPBOC to Conduct 500 Billion Yuan Outright Reverse Repo Operation
The People’s Bank of China says it will carry out an outright reverse repo operation worth 500 billion yuan on Wednesday. The planned transaction is valued at about 69.6 billion U.S. dollars. The announcement was made on Tuesday. It represents an operation by China’s central bank in the money market.
PBOC to Conduct 500 Billion Yuan Outright Reverse Repo Operation
