PBOC Plans Overnight Reverse Repo in Next Stage of Policy Shift

China’s central bank is introducing an overnight tenor into its open-market operations, a key step toward reshaping how it steers short-term borrowing costs.

By Charlie Zhu, Wenjin Lv, Yujing Liu, Shulun Huang · Bloomberg Markets

China’s central bank is introducing an overnight tenor into its open-market operations, a key step toward reshaping how it steers short-term borrowing costs.