Friday , 27 September 2024
Home Forex PBoC cuts seven-day reverse repo rate to 1.5% from 1.7%, trims Reserve Requirement Ratio (RRR) by 50 bps
Forex

PBoC cuts seven-day reverse repo rate to 1.5% from 1.7%, trims Reserve Requirement Ratio (RRR) by 50 bps

The People’s Bank of China (PBOC) cut the seven-day repo rate to 1.5% from 1.7% on Friday.

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