The People's Bank of China's Deputy Governor, Zou Lan, stated on July 15th that the 7-day reverse repurchase agreement rate remains the primary policy interest rate. He emphasized that the central bank manages liquidity through various open market operations to ensure short-term rates remain stable around the policy rate. Zou Lan also noted that the volume of these operations should not be interpreted as a policy signal, and market interest rate levels are a more appropriate indicator of the central bank's stance. AI
RANK_REASON Article discusses a statement from a central bank official regarding monetary policy, not a new release or significant event.
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