Skip to main content

China makes surprise rate cut to resist crisis

PBoC unexpectedly cuts the seven-day repo rate while injecting liquidity

pboc building

China’s central bank unexpectedly slashed its seven-day reverse repo rate by 20 basis points today (March 30), suggesting a willingness to deploy larger-scale monetary stimulus to shore up the virus-hit economy.

The People’s Bank of China injected 50 billion yuan ($7 billion) into the interbank market via reverse repo on Monday morning, while lowering the rate to 2.2%, a rare move for the central bank. 

The 20bp cut implies that the central bank is delivering stronger countercyclical measures

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Regístrese en Central Banking

Todos los campos son obligatorios, salvo que se indique lo contrario.

Mostrar contraseña
Ocultar contraseña

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Iniciar sesión
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.