BEIJING: China’s central bank on Monday lowered the rate of its 14-day reverse repos by 10 basis points for the first time since June 2020, to maintain stable liquidity in the banking system ahead of the Spring Festival. The People’s Bank of China (PBOC) injected 150 billion yuan ($23.7 billion) worth of reverse repos into … Read more
BEIJING: China’s central bank cut a benchmark interest rate on Monday for the first time in nearly two years in a bid to kick-start growth in the world’s number two economy, as it creaks under the impact of a real estate crisis and coronavirus flare-ups. The People’s Bank of China said in a statement that it … Read more
BEIJING: China’s central bank on Tuesday announced that it has decided to lower relending rates for the agriculture sector and small enterprises by 0.25 percentage points starting from December 7. After the reduction, the interest rates of three-month reloans supporting the development of agriculture and small firms stood at 1.7 per cent, six-month at 1.9 … Read more
BEIJING — China’s central bank on Monday injected 10 billion yuan (about 1.57 billion U.S. dollars) into the financial system via reverse repos. The interest rate for the seven-day reverse repos was set at 2.2 percent, according to the People’s Bank of China. The move aims to keep the liquidity in the banking system reasonably … Read more
BEIJING — China’s central bank on Thursday injected 10 billion yuan (about 1.57 billion U.S. dollars) into the financial system via reverse repos. The interest rate for the seven-day reverse repos was set at 2.2 percent, according to the People’s Bank of China. The move aims to keep the liquidity in the banking system reasonably … Read more
