Central Bank: Research to gradually increase the frequency of overnight reverse repurchase operations.

People's Bank of China spokesperson and deputy governor, Zou Lan, stated at a press conference held by the State Council Information Office on the 15th that in the next step, the People's Bank of China will continue to steadily and orderly promote the reform and improvement of the monetary policy operational framework, better guide the overnight interest rate to operate stably near the policy rate; in response to the needs of primary dealers, research will be conducted to gradually increase the frequency of overnight reverse repurchase operations, and communication with the market will be strengthened.