MNI BRIEF：PBOC To Conduct CNY1 Trillion Outright Reverse Repo

The People's Bank of China (PBC) will conduct CNY1 trillion in outright reverse repurchase agreements on Friday, according to a statement on its website. 

The three-months (91 days) maturity operation will be conducted via fixed-amount interest-rate bidding in a multiple-price auction, the statement said. 

This will be the largest three-month outright reverse repo since January 2025, when the operation size reached CNY1.20 trillion. The announcement was the PBOC’s first bidding notice for outright reverse repos since the instrument's launch in October 2024, with such data previously released through monthly bulletins.（See MNI INTERVIEW: China Has Room For Further Monetary Easing）