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China Lifts Secrecy on New Key Rate, Sets It Below Old Benchmark
Summary by Business Times
7 Articles
7 Articles
China’s central bank steps up shift toward overnight rate as policy anchor
Effective Monday, the People's Bank of China will carry out the overnight operations through a fixed-rate, quantity-based tender on each business day, with the operating rate currently at 1.25%.
·Petaling Jaya, Malaysia
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According to a BPC statement published on Friday, the interest rate of reverse buy-back agreements at one day is 1.25%, compared to 1.4%
·Bogota, Colombia
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China's central bank, the PBOC, said on Friday that the overnight reverse repo rate will be set at 1.25 percent, as the bank unveiled plans to make the short-term interest rate its primary monetary policy tool.
Coverage Details
Total News Sources7
Leaning Left0Leaning Right2Center1Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
C 33%
R 67%
Factuality
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