10 February 2020 – Cut interest rates

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Financial markets and monetary policy
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Chinese Central Bank began a reverse purchase of government bonds to cut the interest rate.

The Central Bank also implemented anti-repo up to four times and ¥2.7 billion to increase the liquidity of the money market.

These measures are intended to stimulate the economy.
Full details here: http://www.pbc.gov.cn/zhengcehuobisi/125207/125213/125431/125475/3969585/index.html