PBOC Adjusts 7-day Reverse Repo Interest Rate to 1.7% from 1.8% from Tdy

　　The People's Bank of China (PBOC) announced that, in order to optimize the operation mechanism of the open market, the 7-day reverse repurchase operation in the open market will be adjusted to a fixed interest rate and quantity tender starting from today (22nd).

　　Meanwhile, in order to further strengthen the counter-cyclical adjustment and beef up the financial support to the real economy, the interest rate of 7-day reverse repurchase operation in the open market is adjusted from the previous 1.8% to 1.7% effective today.