In order to maintain a reasonable and sufficient liquidity of the banking system, the People's Bank of China launched a RMB 2 billion reverse repurchase operation by means of interest rate bidding on May 14, 2024. The details are as follows:
Reverse repurchase operation
Term
Median scalar
Bid winning interest rate
7 days
2 billion yuan
1.80%
Open Market Business Operation Office of the People's Bank of China
May 14, 2014
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