The central bank injected 32 billion yuan into the banking system via 7 day reverse repos at 1.40% to manage liquidity. This rate for short term funding is unchanged from the previous operation, as the PBOC provided a statement on the injection.
Tuesday, October 20, 2026
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China Holds Benchmark Lending Rates at 3.00% and 3.50% for 16th Month
Global Markets31 days ago
The People's Bank of China kept its main borrowing costs steady for the September cycle. The 1 year loan prime rate remains at 3.00% and the 5 year loan prime rate is 3.50%, extending the streak of unchanged benchmark lending rates to 16 months. These figures are unchanged from the levels recorded in August.
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