Chinese central bank lifts open market operation tool interest rates

Xinhua | Updated: 2017-03-16 13:22

BEIJING - China's central bank lifted interest rates of two open market operation tools Thursday after US Fed's rate hike.

The interest rates of the six-month medium-term lending facility (MLF) and the one-year MLF were each up by 10 basis points to reach 3.05 percent and 3.2 percent respectively, according to the People's Bank of China (PBOC).

The seven-day, 14-day and 28-day reverse repo all saw 10 basis points increase in their interest rates, which stood at 2.45 percent, 2.6 percent and 2.75 percent respectively.

US Federal Reserve on Wednesday raised interest rates for the second time in three months.

The MLF and reverse repo interest rates lift is decided by market changes and does not mean China is raising interest rate, the PBOC said in a statement.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349