The central bank: The interest rate for 7-day reverse repurchase operations in the open market will be adjusted from 1.70% to 1.50% starting from September 27th.

08:10 27/09/2024

Starting from September 27th, the 7-day reverse repurchase operation rate in the open market was adjusted from the previous 1.70% to 1.50%.

According to the news from the People's Bank of China on September 27th, in order to increase the intensity of counter-cyclical adjustments of monetary policy and support stable economic growth, the interest rate for 7-day reverse repurchase operations in the open market was adjusted from 1.70% to 1.50% starting from September 27th. The interest rates for 14-day reverse repurchase operations and temporary reverse repurchase operations will continue to be determined by adding or subtracting points from the interest rate for 7-day reverse repurchase operations, with the magnitude of points remaining unchanged. This article is adapted from the official website of the People's Bank of China, edited by GMTEight: Chen Wenfang.

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