Reverse Repo Rate in China remained unchanged at 1.40 percent in January. Reverse Repo Rate in China averaged 2.48 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 1.40 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 1.50 percent in 2027, according to our econometric models.



Related Last Previous Unit Reference
Banks Balance Sheet 4832496.90 4736385.67 CNY Hundred Million Jan 2026
Reserve Requirement Ratio for Large Banks 7.50 7.50 percent Jan 2026
Central Bank Balance Sheet 493189.91 481591.34 CNY Hundred Million Jan 2026
Foreign Exchange Reserves 3399000.00 3358000.00 USD Million Jan 2026
Interbank Rate 1.58 1.58 percent Feb 2026
Loan Prime Rate 1Y 3.00 3.00 percent Jan 2026
Liquidity Injections Via Reverse Repo 38.00 145.00 CNY Billion Feb 2026
Outstanding Loan Growth YoY 6.10 6.40 percent Jan 2026
Loans To Banks 2741013.66 2693880.32 CNY Hundred Million Jan 2026
Loans to Households 837279.32 832714.26 CNY Hundred Million Jan 2026
Money Supply M0 14613.86 14126.14 CNY Billion Jan 2026
Money Supply M1 117968.05 115514.65 CNY Billion Jan 2026
M2 Money Supply YoY 347190.00 340294.81 CNY Billion Jan 2026
7-Day Reverse Repo Rate 1.40 1.40 percent Jan 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 Pulls Liquidity, MoF to Renew CNY 750 Billion Special Bonds
The People's Bank of China conducted a CNY 118.6 billion seven-day reverse repo operation on Thursday, December 11, keeping the interest rate unchanged at 1.4%. With CNY 180.8 billion in reverse repos maturing the same day, the operation resulted in a net liquidity withdrawal of CNY 62.2 billion. Meanwhile, the Ministry of Finance announced it will roll over CNY 750 billion in special treasury bonds maturing on Friday. An equivalent amount will be issued to designated banks on the interbank market, comprising CNY 400 billion in 10-year bonds and CNY 350 billion in 15-year bonds. The proceeds will be used solely to repay the maturing principal. The ministry stressed that the rollover is a like-for-like replacement and will not expand the fiscal deficit.
2025-12-11
China Injects Liquidity via Reverse Repo, Rate Unchanged at 1.4%
The People’s Bank of China (PBOC) conducted CNY 487 billion (USD 68.56 billion) in seven-day reverse repos through open market operations on September 18, at an interest rate of 1.4%, unchanged from the previous period. With CNY 292 billion in seven-day reverse repos maturing on the same day, the central bank achieved a net injection of CNY 195 billion, continuing its efforts to inject liquidity into the banking system.The move came just hours after the US Federal Reserve’s decision to cut interest rates by 25 basis points. The seven-day reverse repo rate now serves as the economy's main policy rate. The PBOC last lowered the seven-day reverse repo rate by 10 basis points in May.
2025-09-18
PBoC Injects CNY 159 Billion via Reverse Repo at Lower Rate
The People’s Bank of China (PBOC) on Thursday injected CNY 158.6 billion into the banking system through seven-day reverse repos at a reduced rate of 1.4%, down from 1.5% the previous day. The move, announced on Wednesday, is part of a broader package of monetary easing measures aimed at stabilizing growth as external pressures mount.
2025-05-08