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Forecast for two 15bp rate cuts to come from the People's Bank of China on Monday

I posted earlier on the Loan Prime Rate setting coming up from the People's Bank of China on Monday:People's Bank of China is expected to cut loan rates next weekThis via ING, expecting 15 cuts to both the 1- and 5-year LPR:The People's Bank of China (PBoC) surprised the market on Tuesday with an unexpected cut to its one-year medium-term lending facility loan rates by 15bp to 2.5%. This is the steepest cut seen in three years. The 7-day reverse repo rate was also lowered by 10bp to 1.8%. This... Read More

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Posted: Aug 18 2023, 03:24

Author Name: forexlive

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