UPDATE 1-China unexpectedly cuts reverse repo rate by most in 5 yrs to support virus-hit economy
China’s central bank
unexpectedly cut the rate on reverse repurchase agreements by 20
basis points on Monday, the largest in nearly five years, as
authorities stepped up measures to relieve pressure on an
economy ravaged by coronavirus pandemic.
unexpectedly cut the rate on reverse repurchase agreements by 20
basis points on Monday, the largest in nearly five years, as
authorities stepped up measures to relieve pressure on an
economy ravaged by coronavirus pandemic.
Posted by Reuters
