15 Hrs
Source:
المشهد العربي
Source: المشهد العربي
15 Hrsالمشهد العربي
Source: المشهد العربي
15 HrsReady to play
Ready to play
The People’s Bank of China injected 541 billion yuan (US$81.3 billion) into the banking system through overnight reverse repurchase agreements at an interest rate of 1.25%. The move coincides with the adoption of the overnight lending rate as a key monetary-policy indicator, marking a shift away from the fixed-rate system for seven-day operations. Analysts say the change could lower the floor for effective interest rates by 15 basis points and reduce borrowing and financing costs.
Notice: This Is an AI-Generated Summary
Comments (0)