The central bank's open market operating interest rate falls by 10 basis points to boost market confidence and support the recovery of the economy

FAP, 13 Jun (Xinhua)-- the people's Bank of China today launched a seven-day open market reverse repurchase operation of 2 billion yuan, and the winning interest rate was 1.90%, down 10 basis points. After the announcement, the confidence of the financial markets was boosted and the reaction was positive. At present, China's economy is in the recovery stage after the impact of the epidemic, the momentum of economic growth is gradually enhanced, household consumption increases steadily, the vitality of the main body of the market is gradually restored, and China's economy can maintain long-term sustained and stable growth. At the same time, it takes a process for the real economy to recover from the epidemic. Today, the winning interest rate of the central bank's open market seven-day reverse repurchase operation has dropped by 10 basis points, which not only reflects the supply and demand of the capital market, but also releases the policy signal of strengthening counter-cyclical regulation and stabilizing market expectations, which is an accurate and powerful embodiment of a sound monetary policy.