The People's Bank of China (PBOC) conducted a 50 billion yuan 7-day reverse repo operation on Sept. 1, with the operating rate set at 1.40%. The central bank used rate-based bidding for the operation, according to a Techub News report citing Crypto Briefing. Analysts said the steady policy rate reflects the central bank's confidence in current liquidity levels, and is aimed at balancing economic recovery with exchange-rate stability.
The People's Bank of China (PBOC) conducted a 50 billion yuan 7-day reverse repo operation on Sept. 1, setting the rate at 1.40% and using rate-based bidding for the auction, Techub News reported, citing Crypto Briefing.
Analysts said the unchanged policy rate shows the central bank's confidence in current liquidity levels. The move, they said, is meant to balance economic recovery against the need to control exchange-rate volatility.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
