The People's Bank of China headquarters in Beijing. Photo: Simon Song

China’s central bank keeps short-term borrowing rates steady despite US Fed rise

  • The People’s Bank of China’s kept the interest rate on seven-day reverse bond repurchase agreements at 2.55 per cent, and the 14-day rate at 2.7 per cent
  • US Federal Reserve had raised its benchmark rate just hours earlier
Topic |   China economy

TOP PICKS

The People's Bank of China headquarters in Beijing. Photo: Simon Song
READ FULL ARTICLE