The People's Bank of China launches 69.5 billion yuan 7-day reverse repurchase and 600 billion yuan overnight reverse repurchase operations

The People's Bank of China launched a 7-day reverse repo operation worth 69.5 billion yuan today, with a bid volume of 69.5 billion yuan and a median amount of 69.5 billion yuan. The operating interest rate was 1.40%, and a 600 billion yuan overnight reverse repo operation was also carried out.