The People's Bank of China (PBoC) injected CNY 806.5 billion into the banking system through reverse repo operations on Wednesday, July 29, 2026, to maintain ample liquidity at month-end. The central bank supplied CNY 206.5 billion via seven-day reverse repos at an unchanged interest rate of 1.40%, while adding another CNY 600 billion through overnight reverse repos without disclosing the borrowing cost. The move followed the PBoC's announcement last week that it would conduct overnight reverse repo operations from July 29 to 31 and again on August 3, injecting a total of CNY 2.1 trillion through the short-term liquidity tool. The operations reflect the central bank's continued efforts to stabilize money market conditions and ensure sufficient cash in the banking system during a period of typically elevated funding demand at the end of the month. source: People's Bank of China

Reverse Repo Rate in China remained unchanged at 1.40 percent in July. Reverse Repo Rate in China averaged 2.45 percent from 2012 until 2026, reaching an all time high of 4.40 percent in July of 2013 and a record low of 1.40 percent in May of 2025. 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 August of 2026.

Reverse Repo Rate in China remained unchanged at 1.40 percent in July. Reverse Repo Rate in China is expected to be 1.40 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 1.40 percent in 2027 and 1.50 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
Banks Balance Sheet 4916216.28 4886518.00 CNY Hundred Million Jun 2026
Reserve Requirement Ratio for Large Banks 7.50 7.50 percent Jun 2026
Central Bank Balance Sheet 494334.98 483806.92 CNY Hundred Million Jun 2026
Foreign Exchange Reserves 3416000.00 3442000.00 USD Million Jun 2026
Interbank Rate 1.43 1.43 percent Jul 2026
Loan Prime Rate 1Y 3.00 3.00 percent Jul 2026
Liquidity Injections Via Reverse Repo 134.00 270.50 CNY Billion Jul 2026
Outstanding Loan Growth YoY 5.20 5.50 percent Jun 2026
Loans To Banks 2797292.43 2781037.72 CNY Hundred Million Jun 2026
Loans to Households 829045.57 826399.82 CNY Hundred Million Jun 2026
Money Supply M0 14736.48 14685.47 CNY Billion Jun 2026
Money Supply M1 118477.55 114889.14 CNY Billion Jun 2026
M2 Money Supply YoY 356709.76 353668.89 CNY Billion Jun 2026
7-Day Reverse Repo Rate 1.40 1.40 percent Jul 2026


China 7-Day Reverse Repo Rate
The seven-day reverse repo is a type of short-term loan the central bank uses to increase liquidity and influence other rates in the banking system. A reverse repo in China is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.
Actual Previous Highest Lowest Dates Unit Frequency
1.40 1.40 4.40 1.40 2012 - 2026 percent Monthly

News Stream
PBoC Maintains Liquidity Support Before Month-End
The People's Bank of China (PBoC) injected CNY 806.5 billion into the banking system through reverse repo operations on Wednesday, July 29, 2026, to maintain ample liquidity at month-end. The central bank supplied CNY 206.5 billion via seven-day reverse repos at an unchanged interest rate of 1.40%, while adding another CNY 600 billion through overnight reverse repos at a borrowing cost of 1.25%, unchanged from the prior operation in late June. The move followed the PBoC's announcement last week that it would conduct overnight reverse repo operations from July 29 to 31 and again on August 3, injecting a total of CNY 2.1 trillion through the short-term liquidity tool. The operations reflect the central bank's continued efforts to stabilize money market conditions and ensure sufficient cash in the banking system during a period of typically elevated funding demand at the end of the month.
2026-07-29
PBoC Maintains 7-Day Reverse Repo Rate, Adds Liquidity
The People's Bank of China (PBoC) injected CNY 69.5 billion through seven-day reverse repos on Tuesday, while keeping the interest rate unchanged at 1.4%, according to an official statement. The central bank also conducted overnight reverse repo operations for a second straight day, offering CNY 600 billion to financial institutions, though it did not disclose the borrowing cost. The PBoC introduced the overnight liquidity tool on Monday, with the interest rate set at 1.25%, according to Reuters.
2026-06-30
PBoC Holds 7-Day Repo Rate, Launches Overnight Reverse Repos
The People's Bank of China (PBoC) injected CNY 157.5 billion through seven-day reverse repos on Monday, while keeping the borrowing cost unchanged at a record low of 1.4%, with the rate serving as China's primary policy rate. The decision signaled that the central bank remains committed to an accommodative monetary stance to support the economy. In a new move, the central bank also launched overnight reverse repo operations, offering CNY 300 billion to financial institutions to provide greater flexibility in managing short-term liquidity and smoothing funding conditions in the interbank market. The central bank did not reveal the borrowing cost of its new liquidity tool, though Reuters reported policymakers had set the rate at 1.25%. The introduction of the tool comes as authorities seek to refine their liquidity management framework, ensuring ample cash in the banking system while maintaining stable money market rates.
2026-06-29