22 Hrs
Source:
أخبار الصين
Source: أخبار الصين
22 Hrsأخبار الصين
Source: أخبار الصين
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The People’s Bank of China has adopted the overnight reverse repo rate as its key policy rate, replacing the seven-day rate. It conducted its first operation under the revised framework, injecting 541 billion yuan at an interest rate of 1.25%. These operations will be carried out every business day, and rates on other monetary policy instruments will be linked to the overnight rate while maintaining their current spreads. Analysts said the change is intended to improve the transmission of interest-rate signals to money-market rates and borrowing costs, and to strengthen the shift from quantity-based to price-based monetary policy.
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