 "Fed to hold term reverse repo operations in December")
The US Federal Reserve will conduct three longer-dated reverse repurchase agreement operations in December, according to a statement released on Wednesday on the New York Fed website.
The US central bank said these latest "term" reverse repos are part of its ongoing review as to how these will be used to achieve its interest rate objectives when it decides to tighten policy.
The Fed said it planned to offer $300 billion in term reverse repos that mature in early January in addition to its overnight reverse repos.
The first of the December term reverse repos will take place on December 18, followed by one on December 23 and another on Dec. 30.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app