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China cuts key short-term policy rate, Yuan depreciation continues

China’s central bank PBOC cut a key short-term policy rate, the seven-day reverse repurchase rate, by -10bps from 2% to 1.9%. The policy change is anticipated to infuse an additional CNY 2B of liquidity into the economy through its seven-day repos. This marks the first move in the past 10 months, dating back to last […] The post China cuts key short-term policy rate, Yuan depreciation continues appeared first on Action Forex... Read More

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Content Topics

China

Cuts

Short

Term

Policy

Rate

Yuan

Depreciation

Short term

Continues

Forex

Posted: Jun 13 2023, 04:52

Author Name: actionforex

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