China's central bank makes its overnight reverse repo the primary policy anchor

Summary

China's central bank, the PBOC, launched daily overnight reverse repurchase operations on Monday, November 2, 2026, under a revamped liquidity framework that makes the short-term tool its primary policy anchor. Seeking Alpha reports the shift to the overnight rate, with daily reverse repos at 1.25%. Both reports cover the same policy change.

Timeline

1. Bloomberg

   2 Nov 2026, 01:39 UTCSource ↗

   Bloomberg reports that China's central bank launched daily overnight reverse repurchase operations on Monday, starting a revamped liquidity framework that establishes the short-term tool as its primary policy anchor.

2. Seeking Alpha

   2 Nov 2026, 06:11 UTCSource ↗

   Seeking Alpha reports that the PBoC shifted its primary policy anchor to the overnight rate, with daily reverse repos at 1.25%.