China Plans to Adopt New Policy Rate That May Open Way to Easing
China’s central bank signaled its overnight reverse repurchase rate will replace the current seven-day rate as the new policy benchmark, in another step that aligns it closer with global peers and has the potential to push down borrowing costs.
<p>China’s central bank signaled its overnight reverse repurchase rate will replace the current seven-day rate as the new policy benchmark, in another step that aligns it closer with global peers and has the potential to push down borrowing costs.</p>