China hikes 14 day reverse repo rate

Author: Eamonn Sheridan | Category: Central Banks

The People's Bank of China has raised the interest rate on 14-day reverse repo agreements by 5 basis points 

  • To 2.7%
  • In March the Bank hiked the 7-day RR rate by 5 bps (March 22 that was, following the Fed rate hike)

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