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Another rate cut expected from the People's Bank of China on Thursday. To the 1 year MLF.

Another rate cut expected from the People's Bank of China on Thursday. To the 1 year MLF.
As posted earlier, the PBOC cut two policy rates on Tuesday:ICYMI - People's Bank of China rate cut overnight (that's two rate cuts in one day)Expectations are that the Bank will also cut the rate on the 1 year Medium-term Lending Facility (MLF) tomorrow, Thursday, 15 June 2023. There is 200 bn yuan of a maturing MLF expected to be rolled over, if not added to. The current MLF rate is 2.75% and this is expected to be trimmed by 10 bp. This would be the first cut in 10 months. ING, say yes, proba... Read More
Posted: Jun 14 2023, 04:04
Author Name: forexlive
Views: 081251

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