The interest rate for the seven-day reverse repos was set at 2.2 percent, according to a statement on the website of the People's Bank of China.
A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.
                
                                
            
        
            
        
                
            
							
			
			
                            
                        
                        
                        
                        
                        
                    
         
               
Latest comments