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

<p>China&#8217;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&#8217;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 &#8220;a [&#8230;]</p> <p>The post <a rel="nofollow" href="https://www.actionforex.com/live-comments/283558-china-cuts-reverse-repo-rate-to-inject-cny-50b-into-banking-system/">China cuts reverse repo rate to inject CNY 50B into banking system</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>