China’s central bank unexpectedly cuts reverse repo rates by 20 bp to support economy
China’s central bank
unexpectedly lowered the interest rate on reverse repurchase
agreements by 20 basis points on Monday, as authorities stepped
up easing measures to relieve pressure on the economy that has
been hit hard by the coronavirus epidemic.
unexpectedly lowered the interest rate on reverse repurchase
agreements by 20 basis points on Monday, as authorities stepped
up easing measures to relieve pressure on the economy that has
been hit hard by the coronavirus epidemic.
Posted by Reuters
