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The central bank: Conducted 800 billion yuan of outright reverse repurchase operations with a 3-month term
PBOC announcement: On April 7, 2026, the People’s Bank of China will carry out an 800 billion yuan (RMB) buyout-style reverse repurchase operation through a fixed amount, interest-rate bidding, and a multi-price bidding scheme. The term will be 3 months (89 days). The maturity date will be July 5, 2026 (postponed if it falls on a holiday).
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Responsible editor: Chang Fuqiang