BEIJING (Reuters) – China’s central bank said on Monday it will make interbank repo rates by depository institutions (DR) a key reference for monetary policy adjustment and financial market price-setting.
Improving China’s benchmark interest rate system is key for deepening the market-based interest rate reform, the People’s Bank of China said in a statement on its website.
(Reporting by Lusha Zhang and Kevin Yao; Editing by Toby Chopra)
