trending Market Intelligence /marketintelligence/en/news-insights/trending/QTmuoo7YRB5wtENevfGaCQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Chinese central bank lowers 14-day reverse repo rate

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

Chinese central bank lowers 14-day reverse repo rate

The People's Bank of China cut a key interest rate Dec. 18 in a move that follows other easing measures in recent weeks.

The central bank lowered the interest rate on 14-day reverse repurchase agreements to 2.65% from 2.70%. It maintained the interest rate on seven-day reverse repos at 2.50%, following a 5-basis-point reduction in November.

The change to the 14-day reverse repo rate is the first since a hike in April 2018, according to Julian Evans-Pritchard, senior China economist at Capital Economics.

While the move is marginal, it signals that the central bank "remains in easing mode" and may urge banks to make another 5-basis-point cut to the loan prime rate Dec. 20, Evans-Pritchard said, adding that the pace of easing is likely to pick up next year with the anticipated cuts projected at 50 basis points in total.

In November the People's Bank of China cut the one-year loan prime rate by 5 basis points to 4.15% and the five-year rate by a similar amount to 4.80%.