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China Rate Cuts Remain Short of Expectations, Focus on Jackson Hole, BRICS

China Rate Cuts Remain Short of Expectations, Focus on Jackson Hole, BRICS
The week starts with weak appetite as Chinese banks cut loan rates less than expected; the 1-year LPR was cut by 10bp to a record low versus 15bp cut expected by analysts, while the 5-year LPR was left unchanged despite pressure from Beijing. Chinese banks’ decision to keep the 5-year rate steady is confusing for […] The post China Rate Cuts Remain Short of Expectations, Focus on Jackson Hole, BRICS appeared first on Action Forex... Read More
Posted: Aug 21 2023, 06:21
Author Name: actionforex
Views: 111814

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