SHANGHAI: China’s central bank has increased the cost of short-term loans to commercial lenders, tightening policy in step with the US Federal Reserve.
The People’s Bank of China (PBoC) raised the interest rates it charges on 7-day reverse-repurchase agreements by five basis points, the central bank said in a statement.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!