People's Bank of China Lowers 7-Day Reverse Repo Rate to 2.2%
[Asia Economy Beijing=Special Correspondent Park Sun-mi] On the 30th, the People's Bank of China lowered the 7-day reverse repurchase (reverse repo) rate from 2.4% to 2.2%.
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The People's Bank of China also lowered the 7-day reverse repo rate from 2.5% to 2.4% and the 14-day rate from 2.65% to 2.55% on the 3rd of last month, supplying liquidity to the financial market.
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