Tag Archives: Fed rate

Chinese open market operation rates up after Fed rate hike

The interest rates for China’s open market operations rose by 5 basis points Thursday, following the interest rate hike by the U.S. Federal Reserve on Wednesday.

 

The operations included 30 billion yuan (4.54 billion U.S. dollars) of seven-day reverse repos, with the interest rate up from 2.45 percent to 2.5 percent, and 20 billion yuan of 28-day reverse repos, with the rate up from 2.75 percent to 2.8 percent, the People’s Bank of China (PBOC) said on its website. Continue reading “Chinese open market operation rates up after Fed rate hike” »