China Signals Overnight Rate Set to Become Main Policy Benchmark
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China’s central bank signaled its overnight reverse repurchase rate will replace the current seven-day rate as the new policy benchmark. This move aligns it closer with global peers.
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“China’s central bank signaled its overnight reverse repurchase rate will replace the current seven-day rate as the new policy benchmark, in another step that aligns it closer with global peers.”
Bloomberg — China Signals Overnight Rate Set to Become Main Policy Benchmark