NY Fed increases reverse repo ceiling
Fed move aims to regulate influx of liquidity to money market funds, analyst says
The Federal Reserve of New York announced today (March 18) that it increased the per-counterparty ceiling for overnight reverse repurchase agreements.
Counterparties may now make overnight reverse repo contracts of up to $80 billion, up from the previous limit of $30 billion. The Federal Open Market Committee ordered this change after its March 16–17 meeting. The FOMC also kept the policy rate unchanged at 0% to 0.25%, and continued $120 billion per month in quantitative easing.
In a brief
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