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China rate cuts not really lifting broader market mood for now

In case you missed the earlier headline:PBOC Loan Prime Rates (LPR) CUT: 1-year 3.55% (prior 3.65%) & 5 year 4.20% (prior 4.30%)It has been coming since the weekend and even with the rate cuts, China is expected to do more in order to try and shore up confidence and bolster economic performance.At the start of the year, everyone was so sure of a major rebound in global demand after China abandoned its zero-Covid policy at the end of last year here. But just six months in, and everything seems to... Read More

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China

Rate

Cuts

Really

Lifting

Broader

Market

Mood

Forex

Posted: Jun 20 2023, 04:18

Author Name: forexlive

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