China's open market operation rates slightly up
Xinhua,March 22, 2018 Adjust font size:
BEIJING, March 22 (Xinhua) -- The interest rates for China's open market operations rose by 0.05 percent on Thursday, following the interest rate hike of the U.S. Federal Reserve on Wednesday.
The rate for seven-day reverse repos rose from 2.5 percent to 2.55 percent, the People's Bank of China (PBOC) said on its website.
"The rise represented the market's normal response to the Federal Reserve's rate hike," the PBOC said. Enditem