China central bank lowers policy rate when injecting short-term cash
ReutersMay 8, 2025 1:29 AM
SHANGHAI, May 8 (Reuters) - China's central bank lowered the key policy rate when injecting short-term cash into the banking system on Thursday.
The People's Bank of China (PBOC) injected 158.6 billion yuan ($21.95 billion) worth of seven-day reverse repurchase agreements at 1.4%, down from 1.5% a day earlier.
The PBOC announced the rate decision on Wednesday as part of the sweeping monetary easing measures aimed to support the broad economy in the face of intensifying trade tensions with the United States.
($1 = 7.2250 Chinese yuan)
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