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China state-controlled financial media says PBOC may cut MLF rate by 5 to 10 bp this week
Securities Daily says there may be a cut to the Medium Term Lending Facility. The MLF will be set on Thursday, the 15th. The MLF sets the stage for Loan Prime Setting on the 20th, the following Tuesday (the 20th)There is plenty of speculation of a rate cut from the People's Bank of China in the near future. Chinese media speculate on a loan prime rate cut after banks reduced deposit ratesReferring to this:More Chinese banks cut ratesIndustrial and Commercial Bank of China cuts yuan deposit rate...
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Posted: Jun 12 2023, 00:04
Author Name: forexlive
Views: 110757