The People’s Bank of China (PBOC) hikes the interest rates on 28-day reverse repurchase (repos) agreements by 5 basis points (bps) on Monday. The rate hike matched previous increases in other tenors in the last two months. Key Details: The interest rate for 28-day reverse repos was raised to 2.85 percent from 2.80 percent. The rate for seven-day stood at 2.55 percent. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Japan PM Abe: Trans-Pacific Partnership best trade format for Japan FX Street 5 years The People's Bank of China (PBOC) hikes the interest rates on 28-day reverse repurchase (repos) agreements by 5 basis points (bps) on Monday. The rate hike matched previous increases in other tenors in the last two months. Key Details: The interest rate for 28-day reverse repos was raised to 2.85 percent from 2.80 percent. The rate for seven-day stood at 2.55 percent. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
