PBoC Skips Seven-Day Reverse Repos for First Time Since June

2026-08-11 02:50 By Farida Husna 1 min. read

The People’s Bank of China (PBoC) conducted zero seven-day reverse repos in open market operations on Tuesday, according to an online statement, marking the first time since June that it injected no liquidity through the short-term tool.

The move was made in response to demand from primary dealers and came as the central bank continued to use reverse repos flexibly to fine-tune liquidity conditions in the banking system.

The absence of an injection suggests the central bank saw limited need to provide additional short-term funds, while allowing existing liquidity conditions to guide operations.



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PBoC Skips Seven-Day Reverse Repos for First Time Since June
The People’s Bank of China (PBoC) conducted zero seven-day reverse repos in open market operations on Tuesday, according to an online statement, marking the first time since June that it injected no liquidity through the short-term tool. The move was made in response to demand from primary dealers and came as the central bank continued to use reverse repos flexibly to fine-tune liquidity conditions in the banking system. The absence of an injection suggests the central bank saw limited need to provide additional short-term funds, while allowing existing liquidity conditions to guide operations.
2026-08-11
PBoC Maintains Liquidity Support Before Month-End
The People's Bank of China (PBoC) injected CNY 806.5 billion into the banking system through reverse repo operations on Wednesday, July 29, 2026, to maintain ample liquidity at month-end. The central bank supplied CNY 206.5 billion via seven-day reverse repos at an unchanged interest rate of 1.40%, while adding another CNY 600 billion through overnight reverse repos at a borrowing cost of 1.25%, unchanged from the prior operation in late June. The move followed the PBoC's announcement last week that it would conduct overnight reverse repo operations from July 29 to 31 and again on August 3, injecting a total of CNY 2.1 trillion through the short-term liquidity tool. The operations reflect the central bank's continued efforts to stabilize money market conditions and ensure sufficient cash in the banking system during a period of typically elevated funding demand at the end of the month.
2026-07-29
PBoC Maintains 7-Day Reverse Repo Rate, Adds Liquidity
The People's Bank of China (PBoC) injected CNY 69.5 billion through seven-day reverse repos on Tuesday, while keeping the interest rate unchanged at 1.4%, according to an official statement. The central bank also conducted overnight reverse repo operations for a second straight day, offering CNY 600 billion to financial institutions, though it did not disclose the borrowing cost. The PBoC introduced the overnight liquidity tool on Monday, with the interest rate set at 1.25%, according to Reuters.
2026-06-30