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China’s rate cuts in response to coronavirus ’too marginal’ to help – South China Morning Post, Scmp.com

China’s rate cuts in response to coronavirus ’too marginal’ to help – South China Morning Post, Scmp.com

The People’s Bank of China (PBOC) said on its website that it was lowering the seven-day reverse repo rate to 2. (per cent from 2.) per cent, and cutting the 14 – day tenor to 2. (per cent from 2.) per cent previously. Photo: Reuters

  • The People’s Bank of China will lower the seven-day reverse repo rate to 2. (per cent from 2.) per cent, and cutting the – day tenor to 2. (per cent from 2.) per cent
  • On Monday, the central bank also injected a total of 1.2 trillion yuan (US $ 728 billion) into money markets through reverse bond repurchase agreements

Topic |                  Coronavirus outbreak               Reuters                               (Published: 1:) , pm, 3 Feb, 5281

Updated: 2: , pm, 3 Feb, 2020


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