22 Mar 2018
PBOC raises 7-day reverse repo rate by 5 basis points to 2.55 percent - Reuters
The news is crossing the wires via Reuters that People's Bank of China (PBOC) has raised the seven-day reverse repo rate by 5 basis points to 2.55 percent.
The central bank said the rate rise is normal response to Fed's 25 basis point rate hike.