People’s Bank of China Expands Liquidity Through Reverse Repos and Treasury Deposits
Posted on 11/19/2019
On November 18, 2019, the People’s Bank of China (PBOC) unexpectedly trimmed the seven-day reverse repurchase rate to 2.50% from 2.55%. Two weeks prior to that event, the PBOC lowered the borrowing cost on its medium-term lending facility (MLF), used by banks for longer-dated funding needs from 2.55% to 2.5%. Soon after, the reverse repo […]
