PBoC: Interest rate cut on 14-day reverse repo – Danske Bank

Danske Bank analysts note that overnight, the People's Bank of China cut the interest rate on 14-day reverse repo by 5 basis points to 2.65%.

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“It added liquidity to the banking system ahead of possible tighter liquidity in January ahead of Lunar New Year due to demand for cash before the holiday and banks buying newly issued local government debt.”