From May 4 it will return to regularly conducting one overnight repo operation per day in the morning, and remove the afternoon overnight repo operation, it said. The frequency of three-month repo operations will be reduced to once every two weeks from once a week, although it will continue to conduct one-month repo operations once per week.
The overnight offerings will be conducted at a maximum of $500b per operation, in line with most recent actions. Various term repo operations will also have a maximum limit of $500b apiece.
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