PBOC raises 14-day reverse repo rate by 5 bps to 2.65%
|Having raised the MLF, SLF and reverse repurchase agreements last week in a surprise move after Fed, the Chinese central bank (PBOC) raised interest rates on RR, used for open market operations by 5 basis points for the 14-day tenor on Monday.
The PBOC published a statement announcing that it raised the 14-day rate to 2.65% from 2.60%.
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