PBOC raises 7-day reverse repo rate by 5 basis points to 2.55 percent - Reuters

Omkar Godbole FXStreet Contributor

The news is crossing the wires via Reuters that People's Bank of China (PBOC) has raised the seven-day reverse repo rate by 5 basis points to 2.55 percent.

The central bank said the rate rise is normal response to Fed's 25 basis point rate hike.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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