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Chinese financial media cites analysts expecting further rate and RRR cuts this year
We've just seen rate cuts across 4 policy instruments from the People's Bank of China. PBOC Loan Prime Rates (LPR) CUT: 1-year 3.55% (prior 3.65%) & 5 year 4.20% (prior 4.30%)PBOC 1 year MLF rate cut to 2.65% (prior 2.75%), as widely expectedICYMI - People's Bank of China rate cut overnight (that's two rate cuts in one day)These have been judged as disappointing.Chinese financial press are citing analysts expecting further cuts this year. Markets would really like to see fiscal boosts as well, b...
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Posted: Jun 20 2023, 23:36
Author Name: forexlive
Views: 103154