On Monday, the People's Bank of China, the nation's central bank, lowered the interest rate on seven-day reverse repurchase agreements or reverse repos — which serves as the short-term policy benchmark of interest rates — from 1.8 percent to 1.7 percent.

根据央行7月22日公告，公开市场7天期逆回购操作采用固定利率、数量招标，操作利率由1.8%调整为1.7%。