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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...
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Posted: Aug 21 2023, 06:21
Author Name: actionforex
Views: 111814