China cuts reverse repo rate to inject CNY 50B into banking system

<p>China’s central bank PBoC lowered interest rate on 7-day reverse repo by -20bps to 2.20% today to inject CNY 50B into the banking system. That’s firstly an unscheduled announcement, and secondly, the largest cut since 2015. Thirdly, the 7-day reverse rate is now its lowest on record. The cut signals that PBOC has entered “a […]</p>
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