According to TechFlow, in order to optimize the open market operation mechanism, from now on, the open market 7-day reverse repurchase operation will be adjusted to a fixed rate and quantity bidding.
At the same time, in order to further strengthen counter-cyclical regulation and increase financial support for the real economy, the 7-day reverse repurchase rate in the open market will be adjusted from the previous 1.80% to 1.70% from today. The offshore RMB against the US dollar depreciated by 80 points in the short term, and the latest price was 7.2856. Previously, the People's Bank of China lowered the 7-day reverse repurchase rate.
