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Another rate cut from the People's Bank of China, 14 day reverse repo to 1.95% from 2.15%

From China so far today:Chinese state-linked developer Sino-Ocean has suspended payment on all its offshore debtsPBOC sets USD/ CNY reference rate for today at 7.1786 (vs. estimate at 7.2849)People's Bank of China set MLF rate at 2.5% (expected 2.5%, prior 2.5%)China August new home prices -0.3% m/m (prior month -0.2%)Buried in amongst that lot (the reference rate post) is the news of another rate cut from the Bank:PBOC sets 14 day RR rate at 1.95% vs. 2.15% previouslywe haven't had a 14-dayer i...
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Posted: Sep 15 2023, 01:41
Author Name: forexlive
Views: 070159