China cuts reverse repo rate by 10 basis points to maintain liquidity
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