Gelonghui February 24 | People’s Bank of China: Today conducted 526 billion yuan of 7-day reverse repo operations, with a bid volume of 526 billion yuan, a winning amount of 526 billion yuan, and an operation rate of 1.40%, unchanged from previous. Due to 852.4 billion yuan of 7-day and 600 billion yuan of 14-day reverse repos maturing today, a net withdrawal of 926.4 billion yuan was realized.
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The central bank's reverse repurchase operations net withdrew 926.4 billion yuan today
Gelonghui February 24 | People’s Bank of China: Today conducted 526 billion yuan of 7-day reverse repo operations, with a bid volume of 526 billion yuan, a winning amount of 526 billion yuan, and an operation rate of 1.40%, unchanged from previous. Due to 852.4 billion yuan of 7-day and 600 billion yuan of 14-day reverse repos maturing today, a net withdrawal of 926.4 billion yuan was realized.