The central bank conducted 80 billion yuan worth of reverse repurchase agreements today.

The People's Bank of China announced that it will conduct 800 billion yuan of fixed-quantity, fixed-rate reverse repurchase operations today through a multiple-price bidding method with a term of 3 months. Due to 1100 billion yuan of 3-month reverse repurchase agreements maturing in April, the central bank's operation this time means that it will reduce the volume of 3-month reverse repurchase agreements by 300 billion yuan in the same month.