Business & Finance
China Central Bank sounds out banks on 7-day, 14-day repos
SHANGHAI : The People's Bank of China (PBOC) has asked banks about their potential demand for 7-day and 14-day repos in
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SHANGHAI: The People's Bank of China (PBOC) has asked banks about their potential demand for 7-day and 14-day repos in its open market operations, two traders said, signalling the central bank is planning to return to using the shorter tenors.
The PBOC last conducted such tenors of repos in January, when tight credit conditions prompted it to seek the greater flexibility of shorter tenors of repos, rather than having to use 28- or 91-day tenors.
Copyright Reuters, 2011
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