(CNBC) The People’s Bank of China has reduced the 14-day reverse repo rate by 10 basis points to 2.25% in additional measures to inject liquidity into the banking system.
Following the rate cut, the central bank added 150 billion yuan or $23.68 billion.
PBOC says that the rate cut is meant to keep ample liquidity when the country kicks off the Lunar New Year on January 31.
The latest rate cut by the central bank adds to a series of other reductions, with investors looking at further policy easing.
CSI 300 is up +0.16%, USDCNY is down -0.14%.
