The People's Bank of China (PBoC) injected a CNY 50 billion seven-day reverse repos operation and held the rate unchanged at 2.2 percent on October 19th 2020. The central bank said the move aims to maintain the reasonable and sufficient liquidity of the banking system. Meantime, CNY 80 billion of time deposits of commercial banks for central treasury cash management matured on Monday.
Reverse Repo Rate in China averaged 2.85 percent from 2012 until 2020, 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 October of 2020. source: People's Bank of China
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. Looking forward, we estimate Reverse Repo Rate in China to stand at 2.00 in 12 months time. In the long-term, the China 7-Day Reverse Repo Rate is projected to trend around 2.00 percent in 2021, according to our econometric models.