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. 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 4915100.33 4916216.28 CNY Hundred Million Jul 2026
Reserve Requirement Ratio for Large Banks 7.50 7.50 percent Jul 2026
Central Bank Balance Sheet 502068.47 494334.98 CNY Hundred Million Jul 2026
Foreign Exchange Reserves 3419000.00 3416000.00 USD Million Jul 2026
Interbank Rate 1.43 1.43 percent Aug 2026
Loan Prime Rate 1Y 3.00 3.00 percent Aug 2026
Liquidity Injections Via Reverse Repo 95.00 0.00 CNY Billion Aug 2026
Outstanding Loan Growth YoY 5.10 5.30 percent Jul 2026
Loans To Banks 2791672.86 2797292.43 CNY Hundred Million Jul 2026
Loans to Households 824443.26 829045.57 CNY Hundred Million Jul 2026
Money Supply M0 14820.29 14736.48 CNY Billion Jul 2026
Money Supply M1 115462.30 118477.55 CNY Billion Jul 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 Pauses 7-Day Repos for 3rd Day, Plans Big Overnight Liquidity
The People’s Bank of China (PBoC) said Thursday, August 13, it conducted zero seven-day reverse repos for a third straight day, citing demand from primary dealers. Separately, the central bank announced it will carry out up to CNY 600 billion of overnight reverse repos per day on August 14 and August 17–19. The PBoC uses these short-term liquidity tools to “fine-tune cash conditions” in the banking system, balancing market demand with stability in funding.
2026-08-13
PBoC Skips Seven-Day Reverse Repos for First Time Since June
The People’s Bank of China (PBoC) conducted zero seven-day reverse repos in open market operations on Tuesday, according to an online statement, marking the first time since June that it injected no liquidity through the short-term tool. The move was made in response to demand from primary dealers and came as the central bank continued to use reverse repos flexibly to fine-tune liquidity conditions in the banking system. The absence of an injection suggests the central bank saw limited need to provide additional short-term funds, while allowing existing liquidity conditions to guide operations.
2026-08-11
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