1st LD-Writethru-China Focus: China's central bank introduces new liquidity tool
BEIJING, Oct. 28 (Xinhua) -- China's central bank on Monday incorporated outright reverse repos, a new liquidity tool, into its monetary policy toolbox to keep liquidity reasonable and ample in the country's banking system.
The People's Bank of China (PBOC) will use outright reverse repos to trade with primary dealers in open market operations, the bank said in a statement on its website, adding that outright re