Global Market: China's central bank expands liquidity toolkit with first-ever overnight reverse repos

The People's Bank of China (PBOC) introduced overnight reverse repo operations for the first time, expanding its short-term liquidity management toolkit. Alongside this, the central bank injected 157.5 billion yuan into the banking system through seven-day reverse repos, keeping the interest rate unchanged at 1.4 percent. The move aims to provide greater flexibility in managing interbank liquidity and supporting economic growth amid a challenging environment.