The People’s Bank of China injected a total CNY 100 billion into the banking system on Monday, the largest daily injection since March 31, via seven-day reverse repurchase at a rate 2.1%, to ease pressure from rising cash demand toward the end of the first half of the year. With CNY 10 billion worth of such reverse repos due on Monday, the PBoC net injected CNY 90 billion on the day. The central bank started pumping more cash into the financial system last Friday. Demand usually surges towards the end of the quarter, when commercial banks also have to shore up cash positions for an administrative quarterly health check by the central bank. source: People's Bank of China
Reverse Repo Rate in China averaged 2.74 percent from 2012 until 2022, reaching an all time high of 4.40 percent in July of 2013 and a record low of 2.10 percent in January of 2022. 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 June of 2022.
Reverse Repo Rate in China is expected to be 2.00 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 1.90 percent in 2023, according to our econometric models.