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Economic calendar in Asia - People's Bank of China rate decision due
I posted a heads-up to the PBOC decision last week. Its due around 0115 GMT, which is 9.15 pm US Eastern time. Last week we had rate cuts from the People's Bank of China:People's Bank of China set MLF rate at 2.5%, big cut from prior 2.65%The People’s Bank of China cut the reverse repo rate from 1.9% to 1.8%.ICYMI: China with three rate cuts in one day to try and bolster the economyThe MLF rate is a benchmark interest rate that banks in China can use to borrow funds from the People's Bank of Chi...
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Posted: Aug 20 2023, 20:33
Author Name: forexlive
Views: 111527