Global Market: China's central bank expands liquidity toolkit with first-ever overnight reverse repos

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China's central bank has introduced overnight reverse repo operations for the first time, injecting 300 billion yuan to manage liquidity. This move expands the People's Bank of China's toolkit for short-term funding. An additional 157.5 billion yuan was injected via seven-day reverse repos at an unchanged rate. Policymakers are carefully balancing economic support with financial stability, with markets keenly watching future PBOC actions.