PBoC follows the Fed by 5 basis points, what’s next
As expected, the People’s Bank of China (PBoC) raised the 7D reverse repo open market rate today by 5 basis points from 2.50% to 2.55%. We wrote on 21st March that this is our view. This shows that there is policy continuity in the central bank in terms of interest rate policy.
The objective of r…
Leave a Reply
Want to join the discussion?Feel free to contribute!