PBoC signals addition of open-market maturities to aid markets

Markets had been divided over whether the PBoC would raise short-term rates again in lockstep with the Fed, with those in the

BEIJING: China’s central bank, already wielding an increasingly complicated suite of monetary policy tools, signalled that it’s likely to add even more to the mix.

The People’s Bank of China (PBoC) said it will “enrich” the maturities of reverse repurchase agreements to ensure the stability and neutrality of funding in the financial system, according to a quarterly monetary policy implementation report released here on Friday.