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China central bank unexpectedly cuts reverse repo rates to help economy as virus spreads | Malay Mail

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SHANGHAI, Feb 3 — China’s central bank unexpectedly lowered the interest rates on reverse repurchase agreements by 10 basis points today, as authorities stepped up measures to relieve pressure on the economy from a rapidly spreading virus outbreak. The People’s Bank of China (PBOC) said on...

Monday, 03 Feb 2020 10:21 AM MYT

SHANGHAI, Feb 3 — China’s central bank unexpectedly lowered the interest rates on reverse repurchase agreements by 10 basis points today, as authorities stepped up measures to relieve pressure on the economy from a rapidly spreading virus outbreak.

 

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