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Home
> Central Banks
> People's Bank of China cuts 7 day Reverse repo rate to 1.90%, from 2%
Central Banks
pboc

People's Bank of China cuts 7 day Reverse repo rate to 1.90%, from 2%

Eamonn Sheridan
Eamonn Sheridan
Tuesday, 13/06/2023 | 01:22 GMT
13/06/2023 | 01:22 GMT
  • 0

A rate cut from the PBOC. Further cuts are expected, beginning with the MLF rate on Thursday:

  • Nomura cites a "strong signal" for a cut to MLF rate this week and the LPR next week
  • China state-controlled financial media says PBOC may cut MLF rate by 5 to 10 bp this week
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