China’s central bank unexpectedly lowered the interest rate on reverse repurchase agreements by 20 basis points on Monday, as authorities stepped up easing measures to relieve pressure on the economy that has been hit hard by the coronavirus epidemic.
The People’s Bank of China (PBOC) said on its website that it was lowering the 7-day reverse repo rate to 2.20% from 2.40%....MORE
Sunday, March 29, 2020
China Eases: "China's central bank unexpectedly cuts reverse repo rates by 20 bp to support economy"
From Reuters:
