The People's Bank of China continued to inject a net CNY 100 billion of 14-day reverse repos at an interest rate of 2.35 percent on September 28th 2021, the same as in the previous day, the eighth day of injections. The PBoC has injected a net CNY 710 billion of short-term cash into the banking system in the eight-day. China's second largest private property developer Evergrande missed an USD 83.5 million payment in bond interest to its offshore bondholders on September 23rd. PBoC vowed to protect consumers exposed to the housing market on Monday, as the Shenzhen government began investigating the wealth management unit of ailing developer Evergrande, the clearest sign yet the authorities could move to contain contagion risks. The PBOC’s statement was issued after the third quarter meeting of its Monetary Policy Committee. source: People's Bank of China
Reverse Repo Rate in China averaged 2.79 percent from 2012 until 2021, reaching an all time high of 4.40 percent in July of 2013 and a record low of 2.20 percent in March of 2020. This page provides - China Reverse Repo Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. China 7-Day Reverse Repo Rate - values, historical data and charts - was last updated on September of 2021.
Reverse Repo Rate in China is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China 7-Day Reverse Repo Rate is projected to trend around 2.20 percent in 2022, according to our econometric models.