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China: Unexpected rate cut by PBOC aligns with disheartening July economic data
In an unexpected decision that took markets by surprise, PBoC announced a cut in key policy rates for the second time in a span of three months, just an hour before the release of July economic data that broadly fell short of market expectations. PBOC lowered the rate on its one-year medium-term lending facility loans […] The post China: Unexpected rate cut by PBOC aligns with disheartening July economic data appeared first on Action Forex...
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Posted: Aug 15 2023, 03:31
Author Name: actionforex
Views: 110880