Reverse Repo Rate in China remained unchanged at 1.40 percent in May. Reverse Repo Rate in China averaged 2.46 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. source: People's Bank of China

Reverse Repo Rate in China is expected to be 1.30 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 1.50 percent in 2027, according to our econometric models.



Related Last Previous Unit Reference
Banks Balance Sheet 4886518.00 4876846.61 CNY Hundred Million May 2026
Reserve Requirement Ratio for Large Banks 7.50 7.50 percent May 2026
Central Bank Balance Sheet 483806.92 486327.50 CNY Hundred Million May 2026
Foreign Exchange Reserves 3442000.00 3411000.00 USD Million May 2026
Interbank Rate 1.43 1.43 percent Jun 2026
Loan Prime Rate 1Y 3.00 3.00 percent May 2026
Liquidity Injections Via Reverse Repo 248.00 420.30 CNY Billion Jun 2026
Outstanding Loan Growth YoY 5.50 5.60 percent May 2026
Loans To Banks 2781037.72 2776937.91 CNY Hundred Million May 2026
Loans to Households 826399.82 827811.62 CNY Hundred Million May 2026
Money Supply M0 14685.47 14747.74 CNY Billion May 2026
Money Supply M1 114889.14 114583.37 CNY Billion May 2026
M2 Money Supply YoY 353668.89 353042.52 CNY Billion May 2026
7-Day Reverse Repo Rate 1.40 1.40 percent May 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 Moves to Strengthen Rate Framework
The People's Bank of China announced on Wednesday several measures to improve its short-term interest rate framework, signaling a possible shift toward using the overnight policy rate as its main benchmark instead of the current seven-day reverse repo rate. Governor Pan Gongsheng said the central bank will narrow the interest rate corridor for its temporary overnight repo and reverse repo facilities while increasing overnight reverse repo operations. He said further that the central bank is developing tools to provide emergency liquidity to non-bank financial institutions during times of market stress. Chinese authorities also rolled out new measures to promote the yuan's international use, including a repo facility allowing foreign monetary authorities and sovereign wealth funds to access yuan liquidity using bonds as collateral, alongside a pilot program for offshore yuan foreign exchange trading in the Shanghai Free Trade Zone.
2026-06-17
PBoC Continues Zero Reverse Repo Operations
The People's Bank of China (PBoC) left its daily liquidity injections unchanged at zero for a second consecutive session on Thursday, following the first suspension of seven-day reverse repo operations in nearly two years a day earlier. The central bank said the zero-volume operation reflected the needs of primary dealers in open market operations. The move has drawn market attention as it comes despite ample liquidity in the banking system. The consecutive zero operations suggest policymakers are comfortable with current funding conditions and see no immediate need to inject additional cash into the financial system.
2026-06-04
PBoC Skips Reverse Repos for First Time Since August 2024
The People’s Bank of China (PBoC) announced on Wednesday that it conducted zero reverse repo operations, citing primary dealers' funding needs in its open market operations. The move marked the first time since August 2024 that the central bank injected no liquidity through reverse repos, according to Reuters calculations. The absence of operations suggests that liquidity conditions in the banking system were deemed adequate, reducing the need for short-term cash injections by the PBoC.
2026-06-03